The campaign claims the plan would eliminate all co-pays and deductibles in the country.
“Most importantly, health care provided by employers is compensation that is not subject to payroll taxes or income taxes under current law,” he said in the plan. “This is a significant tax break that would effectively disappear under this plan because all Americans would receive health care through the new single-payer program instead of employer-based health care.”
The self-described socialist also laid out his progressive income tax rates – which strongly differ from the plans laid out by Republican candidates – with income between $250,000 and $500,000 being taxed at 37 percent, income between $500,000 and $2 million at 43 percent, 48 percent on income between $2 million and $10 million and a 52 percent on income above $10 million.
Sanders said he would tax capital gains and dividends as income, increase the estate tax for the wealthiest Americans by .3 percent.
The plan also says it would prevent anyone making over $250,000 a year from getting more than 28 cents to the dollar in deductions.
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