By Rick Pezzullo--- Village officials strongly condemned two alleged racist incidents that took place in Dobbs Ferry during the past...
Read More
Letters – Article on SALT Deduction was Misleading
• Bookmarks: 45
January 31, 2018
To the Editor:
Your lead article in January’s edition is misleading in one important respect. While it is true that the limitation of the SALT deduction to $10,000 disproportionately affects high-income taxpayers in high tax states, like New York, New Jersey and Connecticut, the same Tax Reform Act eliminated the AMT (Alternative Minimum TAX), disproportionately benefiting those same taxpayers. The net effect if any therefore is much less than envisioned in your article. The AMT elimination should substantially mitigate the effects of the SALT reduction on Westchester real estate prices.
Fred Salek
Tarrytown
Support our Sponsors
Editor’s Note: While the writer is correct that the new tax law raises the threshold for the Alternative Minimum Tax (AMT), thus mitigating the effects of the elimination of SALT deductions for high income earners, it is our understanding that it does not affect those with modest incomes who happen to live in homes that have increased in value–hence in their assessments. There are homeowners of modest incomes along the side streets of Irvington, for example, whose property tax bills have doubled this past year while their incomes have remained unchanged. They’re the ones who will suffer for lack of a SALT deduction.
Read or leave a comment on this story...Support our Sponsors
Modernization of Franklin Courts to Take Three Years
April 30, 2024
By Rick Pezzullo--- Redevelopment of the affordable rental complex Franklin Courts in Tarrytown is projected to take at least three...
Read More
Mayday, Mayday, Mayday
April 29, 2024
MAYDAY, MAYDAY, MAYDAY: Help x 3 with scenes from Bosch By Krista Madsen– In The Handmaid’s Tale—which I’ve finally just read and then...
Read More
Thanks to Make-A-Wish Hudson Valley, Another Wish Comes True
April 29, 2024
By Barrett Seaman-- When the Make-A-Wish Foundation grants a wish to a critically ill child, they pull out all the...
Read More
Residents Unleash Opposition to Dog Park in Tarrytown
April 29, 2024
By Rick Pezzullo--- The possibility of a dog park being built in Neperan Park in Tarrytown is not sitting well...
Read More
A Coalescing of Crawls Boosts Local Bars–and a Bookstore
April 28, 2024
By Barrett Seaman-- Saturday, April 27 was in many ways a perfect storm of rivertowns activity—particularly in Tarrytown and Sleepy...
Read More
“Dance More” Joan Osborne Urges Her Audiences
April 27, 2024
By W.B. King-- Crisscrossing the nation over the last 30-plus years performing her unique brand of soulful-Americana-bluesy-pop, Joan Osbourne came...
Read More
Biden Comes to Irvington: Timeline of a Presidential Visit
April 26, 2024
By Barrett Seaman— Over the course of a few hours on Thursday, April 25, the President of the United States...
Read More
Rivertown High Schools Rank High in Latest U.S. News Assessment
April 25, 2024
U.S. News & World Report has come out with its 2024 rankings of public high schools, and four rivertown schools...
Read More
Board of Education Races Set in Local School Districts
April 25, 2024
By Rick Pezzullo--- When residents head to the polls May 21 to vote on the annual school budgets, they will...
Read More
Share
Print
