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David Gamage

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David Scott Gamage
Born (1977-06-17) June 17, 1977 (age 47)
Los Angeles, California, U.S.
EducationStanford University (BA, MA)
Yale Law School (JD)
OccupationLaw Professor
OrganizationUniversity of Missouri
Websitehttps://law.missouri.edu/person/david-gamage/

David Gamage is the Law School Foundation Distinguished Professor of Tax Law & Policy at the University of Missouri School of Law.[1] Gamage specializes in tax law and policy and is also a scholar of health law and policy.[1]

Professional and academic career

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Gamage was recruited to the University of Missouri in 2024 as part of the part of the MizzouForward program, an ongoing effort to strengthen innovation in research disciplines across the Mizzou campus.[1][2] Prior to that he was a Professor at Indiana University’s Maurer School of Law, where he held the William W. Oliver Chair in Tax Law.[1][3] Leading up to Gamage's move to the University of Missouri, Gamage's wife, Shruti Rana, had previously left her prior positions at Indiana University to accept positions at the University of Missouri as Assistant Vice Chancellor and Professor of Law.[4]

Gamage started his academic career as a fellow at the University of Texas School of Law, and was then a professor at the University of California, Berkeley School of Law, for nine years, until he left to accept joint offers for him and for his wife Shruti Rana at Indiana University.[1][4] Gamage has also been a visiting professor at the Duke University School of Law and at the Georgetown University Law Center.[1]

Gamage works on wealth tax and related tax law reforms.[5][6] Along with economists Emmanuel Saez and Gabriel Zucman, Gamage helped draft Senator Elizabeth Warren's proposed "Ultra-Millionaire" wealth tax reform during and after her 2019-2020 Presidential campaign.[7] Gamage subsequently helped design legislation for a number of other proposed federal wealth tax and Billionaire and Ultra-millionaire income tax reforms,[8][9][10][11] including President Joe Biden's proposed Billionaire Minimum Income Tax reform proposal.[5][12][13] Along with economist Emmanuel Saez and tax law professors Brian Galle and Darien Shanske, Gamage has also designed legislation for a wealth tax reform proposal for the state of California,[14][15][16] and for multi-millionaire mark-to-market income tax reform proposals for the states of Illinois, New York, and Vermont.[17][18]

Selected publications

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Solving the Valuation Challenge: The ULTRA Method for Taxing Extreme Wealth, 72 Duke Law Journal 1257 (with Brian Galle and Darien Shanske) (2023)
The Case for Taxing (All of) Labor Income, Consumption, Capital Income, and Wealth, 68 Tax Law Review 355 (2015)

Tax law theory

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How Should Governments Promote Distributive Justice?: A Framework for Analyzing the Optimal Choice of Tax Instruments, 68 Tax Law Review 1 (2014)
Three Essays on Tax Salience: Market Salience and Political Salience, 65 Tax Law Review 19 (with Darien Shanske) (2011)

Fiscal federalism

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Tax Cannibalization and Fiscal Federalism in the United States, 111 Northwestern University Law Review 295 (with Darien Shanske) (2017)
Preventing State Budget Crises: Managing the Fiscal Volatility Problem, 98 California Law Review 749 (2010)

References

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  1. ^ a b c d e f "Professor David Gamage Joins Mizzou Law Faculty". ST. LOUIS RECORD. 2024-01-25. Retrieved 2024-02-12.
  2. ^ "MIZZOUFORWARD FACULTY". Retrieved 2024-06-07.
  3. ^ "David Gamage Faculty Bio". Retrieved 2024-06-07.
  4. ^ a b George Hale (2024-01-15). "New City Council member to step down, leave Bloomington". Indiana Public Media. Retrieved 2024-06-07. Shruti Rana announced plans to step down next month before her family moves to Missouri. Rana said that her husband received a job offer from the University of Missouri's law school, where she is now an assistant vice chancellor.
  5. ^ a b Scott Dyreng and Jeff Hoopes (2022-04-27). Tax Chats: A Bigger Burden for Billionaires? David Gamage on Biden's Mega Millionaire Minimum Tax. Scott and Jeff discuss Biden's proposed Mega Millionaire Minimum Tax with David Gamage, one of the thought-leaders behind the proposal and its variations.
  6. ^ Benjamin Valdez (2024-04-02). "Advocates Push Wealth Taxes Despite Mixed Results". TAX NOTES. Galle, along with David Gamage and Darien Shanske ... authored a study that dubbed the accounts the 'ULTRA (unliquidated tax reserve accounts)' method of taxing wealth. The method was also floated on the federal level under a bill proposed last year by U.S. Rep. Steve Cohen, D-Tenn., dubbed the Billionaire Minimum Income Tax Act. Gamage, Shanske, and Galle worked with lawmakers on the act, as well as others at the state and federal level.
  7. ^ Jonathan Curry (2019-12-06). "UC Berkeley Economists Chosen as Tax Notes Federal's Persons of the Year". TAX NOTES. Gamage, who also helped draft Warren's wealth tax proposal in early 2019, observed that the proposal seems to have opened the floodgates to progressive tax policy ideas and research.
  8. ^ Richard Rubin (2021-10-26). "Billionaire Tax Faces Likely Constitutional Challenge". WALL STREET JOURNAL. Retrieved 2024-02-12. David Gamage, a tax-law professor at Indiana University who has consulted with the Senate Finance Committee Democrats on the plan....
  9. ^ David Dayen (2021-10-26). "Introducing the 'Deus Tax Machina'". THE AMERICAN PROSPECT. Retrieved 2024-02-12. According to David Gamage, a tax law professor at Indiana University who has worked with Congress on tax proposals, around three-quarters of economic income will never be reported to the IRS under current law. The only way to get at wealth inequality in the U.S. is to deal with capital income.
  10. ^ Naomi Jagoda (2021-10-26). "Billionaire Tax Gains Momentum". THE HILL. Retrieved 2024-02-12. David Gamage, a law professor at Indiana University who has worked with Wyden's office....
  11. ^ Bernie Becker (2021-10-25). "Will Wyden's New Wealth Tax Survive the Courts?". POLITICO. Retrieved 2024-02-12. David Gamage of Indiana University's law school, who has advised lawmakers on wealth tax proposals, said that Wyden's proposal should be safe because it would only place a yearly tax on the unrealized gains from publicly traded assets.
  12. ^ Juliana Kaplan (2022-03-30). "Biden's Billionaire Tax Would Work a Lot Like the Withholding You See on Your Paycheck". BUSINESS INSIDER. Retrieved 2024-02-12. But David Gamage, a law professor at Indiana University, told Insider that 'this actually isn't a tax on unrealized gains — it's a prepayment mechanism for capital gains.' Gamage said it's akin to something many Americans are probably familiar with: Withholding taxes on your paycheck. By withholding from each check, you essentially pre-pay taxes so you're not stuck with one big bill on tax day each year. For instance, when you file your income taxes in April, you may find that you actually paid too much money — and then you get some back. That's the tax refund that millions of Americans are very familiar with. It's the 'same thing' with this proposed tax, per Gamage, who said he's been working with the administration on this provision for some time.
  13. ^ Lee Sheppard (columnist) (2023-03-20). "Biden's Disguised Wealth Tax". TAX NOTES FEDERAL. That's as far as we get with the Treasury green book. We have to fill in the gaps using the ULTRA mechanism description developed by the academics who were consulted on the Biden proposal. The ULTRA proposal is more fully developed in a coming law review article by its creators. (Brian D. Galle, David Gamage, and Darien Shanske, "Solving the Valuation Challenge: The ULTRA Method for Taxing Extreme Wealth," 72 Duke L.J. ___ (2023).)
  14. ^ Carolina Vargas (2020-12-28). "State Wealth Taxes Could Provide Additional Revenue Opportunity". TAX NOTES. State-level wealth tax proposals have been floated in California and New York to fill budget deficits and help address inequality. Some experts argue that a wealth tax — a tax on the value of held assets — would better tax the ultra-rich, since their wealth may not always be realized as income that could be captured by a higher income tax. California's A.B. 2088 would have created a wealth tax that could generate up to $7.5 billion annually from the rich. That bill, introduced August 13 at the end of the 2020 session, sought to establish a 0.4 percent yearly tax on the worldwide net worth over $30 million (or $15 million for married taxpayers filing separately) of California residents. According to an August 10 analysis by David Gamage, Emmanuel Saez, and Darien Shanske, California has 17 percent of all U.S. millionaires and 25 percent of all U.S. billionaires. The authors suggested that a wealth tax would more fairly tax the state's richest residents.
  15. ^ David Gamage, Emmanuel Saez, and Darien Shanske (2021-04-22). "Op-Ed: California Should Pass a Small Tax on Big Wealth". LOS ANGELES TIMES. Retrieved 2024-02-20. The state Legislature is now considering a pair of bills — Assembly Constitutional Amendment 8 and Assembly Bill 310 — that would levy a 1% tax on extreme wealth: anything above $50 million, with an additional 0.5% tax on fortunes worth more than $1 billion. With Georgetown University law professor Brian Galle, we helped draft these bills to deter tax avoidance and to restore fairness to California's tax system.{{cite news}}: CS1 maint: multiple names: authors list (link)
  16. ^ Kim, Young Ran (23 August 2023). "TAXING THE METAVERSE". Georgetown Law Journal. 112. SSRN 4549974.
  17. ^ "Prof. David Gamage to Testify before Vermont House Committee". law.missouri.edu (Press release). 2024-01-31. Retrieved 2024-02-12. Professor David Gamage, the Law School Foundation Distinguished Professor of Tax Law and Policy, will testify via Zoom on Jan. 31 before the Vermont House Committee of Ways and Means on a tax reform proposal that he and coauthors Brian Galle and Darien Shanske designed. The New York Times wrote about this proposed Vermont 'wealth tax' reform earlier in January: click here to read that story. This is the latest state wealth tax or mark-to-market reform proposal that Prof. Gamage and his coauthors have designed and drafted, following earlier proposals for California, Illinois, New York, and Washington State. Prof. Gamage's testimony will be broadcast via the Ways and Means YouTube channel.
  18. ^ Jimmy Vielkind (2021-02-18). "Some Democratic Lawmakers Push for Wealth Tax on New York Billionaires". WALL STREET JOURNAL. Retrieved 2024-02-12. David Gamage, a professor at Indiana University law school who helped draft Ms. Ramos' bill....
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