S.4125

Stop Presidential Embezzlement Act imposes a tax on damages received by certain U.S. officers from civil actions against the U.S.

The Stop Presidential Embezzlement Act amends the Internal Revenue Code to impose a tax on damages received by certain U.S. officers from civil actions against the U.S. This tax applies to the President, Vice President, and other high-ranking officials. The tax is equal to 100 percent of the damages received during the officer's term and one year after leaving office. The act also excludes these damages from the officers' gross income.