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How much would Universal Health Care cost as a tax on your paycheck?
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April 23rd, 2019
The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9%.
That is 9.1% out of somebody’s pocket to pay for benefits to people over 65.
What is the projected percentage if there is Medicare for everybody of any age?
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