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Title III of the Older Americans Act (OAA) provides funding for a wide range of long-term services and supports (LTSS), social, and nutritional services.
Private-sector approaches for financing long-term services and supports (LTSS) must be part of a comprehensive LTSS financing strategy.
Long-term care insurance (LTCI) can be purchased privately.
One way to fund long-term services and supports (LTSS) is to adapt or combine coverage with existing life insurance coverage.
A reverse mortgage is a loan secured by the value of a home and does not require payments as long as the borrower lives in the home.
How to improve the tax code is the subject of much debate. Proponents of reform often call for increasing fairness and simplicity. But people define those concepts in different ways.
Policymakers use the tax system to raise revenue and to promote social policy goals. For example, tax breaks may be provided to encourage home ownership.
Most states and localities generate a significant portion of state and local revenue from the taxation of retail sales. Such taxes are attractive because they are relatively easy to administer.
The mainstay of local taxation is the tax on real estate, known as the property tax. It is used to fund an array of critical state and local services, most notably public schools.
The primary sources of government revenue are income, sales, and property taxes.