Twitter users are having fun showing off that the broad majority of Americans had nothing to worry about Biden’s tax hike and it won’t affect you if your life looks like that. Scroll down to check out the hilarious examples. Naturally, when people learn that the tax will increase, they tend to fear. But in this instance, Biden promised not to raise taxes on anyone who earn less than $400k per year. So in simple words, around 90% of taxpayers would be protected from the proposed tax hike.