Feel The Single-Payer Bern: The Sanders Plan To Hike Your Taxes

As expensive as Obamacare is, it may be a bargain compared to what Bernie Sanders’ single-payer plan would cost:

The tax hikes required to pay for this much new spending would be enormous, and while the Sanders plan does its best to place most of the burden on high earners through a slew of income tax hikes that increase the top marginal rate up for 52 percent for income over $10 million, he also adds new taxes on employers and an additional 2.2 percent flat tax on virtually all income beyond the standard deduction (currently $28,800 for a family of four). This is in addition to increased taxes on investment, a big hike in the estate tax, and a cap on tax deductions for high earners.

More here.

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