Paterson’s Income Taxes Don’t Tax Him

ALBANY—David Paterson made available his tax returns today, which show he and Michelle Paige Paterson had a gross income of $287,567.
With deductions – including some $11,800 in charitable donations, much more than the $150 he gave last year – the Paterson’s taxable income was $228,240. That’s below the $300,000 for joint filers where the higher rate in the enacted budget kicks in, so Paterson did not authorize a tax on himself.
We’re not sure if that’s the case for Assembly Speaker Sheldon Silver.
More info on the charitable giving is here.

Paterson’s Income Taxes Don’t Tax Him