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Via NY Post:

White House press secretary Jen Psaki on Wednesday clarified that President Biden’s proposed tax hike would apply to people who earn $200,000 per year if they are married to someone who makes the same amount.

Psaki said at her daily press briefing that the proposed $400,000 threshold for tax increases applies to “families” rather than individuals.

The clarification significantly lowers the tax-hike threshold announced by Biden in an ABC News interview that aired Wednesday.

Biden’s interview statement appeared to indicate the cutoff would be $400,000 in individual income.

“Yes, anybody making more than $400,000 will see a small to a significant tax increase,” Biden told George Stephanopoulos.

Biden added, “If you make less than $400,000, you won’t see one single penny in additional federal tax.”

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