Ed. notice: Welcome to our every day characteristic, Quote of the Day.
If you happen to’re a New York lawyer, between federal, state and native taxes, you’re already paying over 50 % of earnings in taxes. In some unspecified time in the future, taxes get a lot, folks say it’s not value it. I may transfer to Florida.
It ought to lead a variety of Huge Regulation to say ‘that is an election I actually care about, as a result of it issues for my agency and enterprise.’ There are lots of people who’re waking up and saying, ‘What’s taking place to our metropolis?’
— Jon Henes, a former Kirkland & Ellis accomplice who was Kamala Harris’s finance chair through the 2020 Democratic main, in feedback given to the New York Regulation Journal, on the “get up name” that Zohran Mamdani’s shock victory within the Democratic main for mayor of New York Metropolis represents for attorneys within the Huge Apple. Mamdani has proposed rising the company tax fee to 11.5%, and introducing a 2% tax on quantities exceeding $1 million for many who earn over that quantity.
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e mail her with any ideas, questions, feedback, or critiques. You possibly can comply with her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
