high-tax bracket

NY Gov. Cuomo to extend tax bracket

Mar 20, 2013
Office of Governor Andrew Cuomo

The New York Times reports that New York Governor Andrew Cuomo is finalizing a deal with legislative leaders to extend a high-tax bracket for wealthy New Yorkers.

The bracket applies to individuals making more than $1 million and married couples making more than $2 million. The measure was first approved in late 2011 and would have expired at the end of the 2014 election year, but, lawmakers are now talking about extending the bracket through 2017.