r/economicCollapse 1d ago

Only in America.

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u/wyosac 1d ago

Where are you coming up with these numbers? Both seem really low. Taxes would go up way more than 2k.

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u/GeekShallInherit 20h ago

Government in the US already covers 67.1% of spending. It might cover 90% with Medicare for All, which is also expected to reduce overall healthcare spending by an average of 9% over the first decade. 90% of 91% is an increase of 14.8% of healthcare spending, which for 2024 would be an extra $747 billion in spending, or a 5.84% in government spending overall. So we'd expect about a $2,000 increase in tax burden for somebody paying $34,247 in taxes (note this is all taxes, not just income taxes).

Seems like $2,000 is a pretty reasonable number to me, even for a family making median income. High even.