Payroll tax for healtcare

Bernie Sanders latest proposal is to use an increase in payroll tax to pay for healthcare. This is a good way to get income since everyone who works will pay. Payroll taxes bring in $977 billion and the tax rate is 7.65% from the employer and the same from the employee for a total of 15.3%. That means each percent brings in $63 billion dollars. Since healthcare cost $3.5 trillion it would require a 55% increase in the payroll tax to pay for this so he must mean it would be just one source of income. Another good source of income but Bernie has thought of it yet is the money that companies currently pay for healthcare. This is about $1.5 trillion and it is only a matter of time before he figures that out. Just like it took Senator Warren a few years to find out about wealth tax, it is taking Bernie a little time to think about the money that companies pay for healthcare.