What Joe Biden said:
“No one earning, no one earning in America less than $400,000 dollars will pay a single solitary extra penny in Federal Taxes”
What Joe Biden meant to say:
“If you make over $149,000 per year in income your income will decrease.”
In the above chart reduced income (higher burden) is shown in Red while higher income (lower burden) is shown in Blue as Biden’s Tax Plan redistributes wealth from those making over $149,000 per year to those making less.
Read more about it in “Details and Analysis of President Joe Biden’s Campaign Tax Plan“, by Garrett Watson, Huaqun Li, and Taylor LaJoie of the Tax Foundation.