Bill > S3817

This bill, titled the "Stop Presidential Embezzlement Act," proposes to amend the Internal Revenue Code of 1986 to impose a 100% tax on damages received by certain high-ranking government officials, including the President, Vice President, individuals at Level I of the Executive Schedule, and Members of Congress, as well as their relatives, if these damages are from civil lawsuits filed by these officials against the United States. This tax would apply to any "qualified civil action amount," which refers to damages received through settlement, verdict, judgment, or any other means, stemming from a lawsuit filed by the official against the U.S. government, provided the lawsuit was filed or settled, or a judgment was issued, during the period the official served in one of these specified positions and up to the date they ceased serving in any of them. Importantly, the bill clarifies that these damages, while taxed at 100%, would not be included in the individual's gross income for income tax purposes, and the tax itself cannot be deducted from income tax.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3817/all-info