re: How much would single payer cost?

You base numbers on current costs.

Cost is the secret.
Profit.

quote:

---

Cost would run north of $2 trillion/year.
Current individual income tax revenue is $1.65 trillion.

So income tax revenue overall would need to increase >200%, perhaps as much as 250%. Insofar as "high income earners" share of that, you do the math.

---

Where in that model are you accounting for premiums that are currently paid that would then shift the single payer system through "tax"?

I am also dubious of the 2 trillion a year. Medicare/Medicaid covers about 40% of Americans and paid out together about 1.2 Trillion in '15 and recipients of these two programs together are more likely to rack up huge bills compared to the other 60%.