Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
If
you’re
a
New
York
lawyer,
between
federal,
state
and
local
taxes,
you’re
already
paying
over
50
percent
of
earnings
in
taxes.
At
some
point,
taxes
get
so
much,
people
say
it’s
not
worth
it.
I
could
move
to
Florida.
It
should
lead
a
lot
of
Big
Law
to
say
‘this
is
an
election
I
really
care
about,
because
it
matters
for
my
firm
and
business.’
There
are
a
lot
of
people
who
are
waking
up
and
saying,
‘What’s
happening
to
our
city?’
—
Jon
Henes,
a
former
Kirkland
&
Ellis
partner
who
was
Kamala
Harris’s
finance
chair
during
the
2020
Democratic
primary,
in
comments
given
to
the
New
York
Law
Journal,
on
the
“wake
up
call”
that
Zohran
Mamdani’s
surprise
victory
in
the
Democratic
primary
for
mayor
of
New
York
City
represents
for
lawyers
in
the
Big
Apple.
Mamdani
has
proposed
increasing
the
corporate
tax
rate
to
11.5%,
and
introducing
a
2%
tax
on
amounts
exceeding
$1
million
for
those
who
earn
over
that
amount.
Staci
Zaretsky is
a
senior
editor
at
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
her
with
any
tips,
questions,
comments,
or
critiques.
You
can
follow
her
on Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.