Zohran Mamdani campaigns for mayor of New York City on an affordability platform (Michael Nigro/Pacific Press/LightRocket via Getty Images)
This article was originally published on The Conversation.
New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the top bracket, the increase would cement the city’s position as having the highest taxes on top earners in the country…