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- Aug 2019
The tax burden would be enormous, roughly doubling the current tax obligations for today’s taxpayers. One funding option Sanders proposes is a 7.5 percent payroll tax, plus a 4 percent income tax on all Americans, as well as a wide variety of specialized taxes on investments and taxes targeted to higher-income Americans.
According to the analysis above, it can be said that the "Single-payer" system aims to reduce costs for users but ultimately has a higher tax rate than the conventional healthcare system.