Gov. Andrew Cuomo’s federal tax rate declined in 2018, a product of a tax law he’s railed against for its effect on high-tax states like New York.
But the governor also was impacted by the state and local tax deduction cap of $10,000 — reporting $12,894 in state taxes.
EJ McMahon of the Empire Center pointed out the federal tax law, passed in 2017, also rolled back the alternative minimum tax, which likely benefited Cuomo’s taxes.
NY State of Politics: