April 16, 2019

Wall Street Journal: Cuomo Paid Less Tax Under Federal Overhaul He Has Ripped

media mention

The 2017 tax law also lowered federal tax rates, narrowed the alternative minimum tax and increased the size of both the standard deduction and child tax credit. Because of these provisions, supporters of the law say many people will see their tax liability go down, even if they pay more than $10,000 in state and local taxes. The Institute on Taxation and Economic Policy, a nonpartisan think tank, estimated 76% of New Yorkers would pay lower taxes as a result of the bill. Read more