“However, New York also has a provision called tax-benefit recapture, which essentially turns its progressive tax into a flat tax for high earners, says Eric Bronnenkant, head of tax at Betterment and a certified public accountant.”
I see you made it to the fourth bullet point in the first paragraph of one of the two links.
It actually matters - or can matter, anyway - if you have any event pushing your income above $1M (if filing single) because of the change in deduction treatments.
The actual effect of recapture schemes is to increase marginal tax rates on mid-high incomes while leaving the highest brackets mostly untouched, and then lie about it.
