The California Tax on Extreme Wealth (ACA 8 & AB 310): Revenue, Economic, and Constitutional Analysis

16 Pages Posted: 16 Sep 2021

See all articles by Brian D. Galle

Brian D. Galle

Georgetown University Law Center

David Gamage

Indiana University Maurer School of Law

Emmanuel Saez

University of California, Berkeley

Darien Shanske

University of California, Davis - School of Law

Date Written: 2021

Abstract

This white paper report provides Revenue, Economic, and Constitutional Analysis of the proposed California Tax on Extreme Wealth (ACA 8 & AB 310) and also a Plain-English Summary Outline of its major provisions.

Keywords: California, Taxation, Tax Law, Extreme Wealth, Wealth Tax, Income Tax, Revenue, Tax Evasion, False Claims Act, FCA, Constitutional Analysis, Tax Justice, Tax Revenue, Wealth Concentration

JEL Classification: K34

Suggested Citation

Galle, Brian D. and Gamage, David and Saez, Emmanuel and Shanske, Darien, The California Tax on Extreme Wealth (ACA 8 & AB 310): Revenue, Economic, and Constitutional Analysis (2021). Indiana Legal Studies Research Paper No. 461, Available at SSRN: https://ssrn.com/abstract=3924524 or http://dx.doi.org/10.2139/ssrn.3924524

Brian D. Galle

Georgetown University Law Center ( email )

600 New Jersey Avenue, NW
Washington, DC 20001
United States

David Gamage (Contact Author)

Indiana University Maurer School of Law ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States

HOME PAGE: http://www.law.indiana.edu/about/people/bio.php?name=gamage-david

Emmanuel Saez

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

Darien Shanske

University of California, Davis - School of Law ( email )

400 Mrak Hall Dr
Davis, CA CA 95616-5201

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
30
Abstract Views
101
PlumX Metrics