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![SiegelMicha Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1245376736319193090.png) Micha Siegel [@SiegelMicha](/creator/twitter/SiegelMicha) on x 1243 followers
Created: 2025-07-24 13:31:39 UTC

Thanks for the Qs!

I don't see anything I listed would effect LTC (at least in a major way). Current law is that LTC is a sch. a deduction for med exp with XXX% of AGI floor, so very few take it anyway. The benefits are taxed based on excess of cost or alternative formula (if i recall).

Honestly, I would roll back social security totally, but I was just focusing on tax code. SS Benefits would have to supplemented from general fund. SE tax is just such a strong disincentive to entrepreneurs. So in this version payroll tax would remain. In a broader policy convo I'd advocate for a complete redo of social security.


XX engagements

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**Related Topics**
[exp](/topic/exp)
[tax bracket](/topic/tax-bracket)
[social security](/topic/social-security)
[agi](/topic/agi)
[ltc](/topic/ltc)

[Post Link](https://x.com/SiegelMicha/status/1948375528320184529)

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SiegelMicha Avatar Micha Siegel @SiegelMicha on x 1243 followers Created: 2025-07-24 13:31:39 UTC

Thanks for the Qs!

I don't see anything I listed would effect LTC (at least in a major way). Current law is that LTC is a sch. a deduction for med exp with XXX% of AGI floor, so very few take it anyway. The benefits are taxed based on excess of cost or alternative formula (if i recall).

Honestly, I would roll back social security totally, but I was just focusing on tax code. SS Benefits would have to supplemented from general fund. SE tax is just such a strong disincentive to entrepreneurs. So in this version payroll tax would remain. In a broader policy convo I'd advocate for a complete redo of social security.

XX engagements

Engagements Line Chart

Related Topics exp tax bracket social security agi ltc

Post Link

post/tweet::1948375528320184529
/post/tweet::1948375528320184529