March 12, 2019

New York Daily News: Four Ways to Make New York Taxes More Fair

media mention

But Cuomo hasn’t talked about the benefits of the Trump tax law for ultra-millionaires — the very richest New Yorkers, mainly in Manhattan.

Trump and his GOP minions cut taxes substantially for the richest 5%, who get an $8 billion-plus windfall, according to the Institute on Taxation and Economic Policy.

Rich folks got lucrative tax breaks for their personal businesses and investment trusts. Benefits for pass-through businesses largely go to New York’s 1%, with half of this $3.7 billion windfall flowing to the richest one-tenth of 1%. Read more