Taxes

Make no mistake. The federal repeal of SALT [state & local taxes] deductions was a retaliatory attack on the economy of New York and other high-cost-of living states that did not vote for Trump. Nassau County already had the highest property taxes in the nation, and New York has the 2nd highest income tax rate in the nation. Now our federal tax burden is expected to increase by 25%. Brad is intent to help the NYS government to come up with solutions to protect our taxpayers. Current ideas include shifting income tax into employer payroll and turning government agencies into non-for-profit 501 (c)(3) (ex: school districts), to ensure state and local taxes remain deductible.