Medicare for All would cut most Americans' taxes, creating the biggest American take-home pay raise in a generation

When Americans get their paycheck every month, there are a ton of deductions from it -- some represent money taken by state governments, some by the feds, but one of the largest line-items is the amount taken to pay a private insurance company for some of the most expensive, least comprehensive medical insurance offered in any country on the planet.

The fact that this isn't a government-levied fee means that formally, it's not a "tax" -- but it is money that gets creamed off of your pay, and you don't really have a choice in the matter. Buying "cheap insurance" isn't an option, because there isn't "cheap health care" to step in when you have a heart attack.

Other rich countries pay half as much per-capita on healthcare (10% of GDP rather than 20%), making America's health system the least efficient in the world. The good news is that this means that are tons of savings to be realized by eliminating the useless intermediaries -- health insurers -- and the useless work they create (administrators) and the worse-than-useless asshole profiteers (the private-equity backed medical services and pharma companies) that gouge the sick and injured.

As economists Emmanuel Saez and Gabriel Zucman (previously) explains in The Guardian, replacing America's failing, expensive, lethal boondoggle with a publicly administered system would result in nearly all Americans having more money at the end of the month, not less -- and in addition, we'd halt medical bankruptcies and ensure that every American would have access to world-quality care.

As one illustration, its possible to see how the tax plans of the leading Democratic primary candidates would affect tax rates for each group of the population.