S. 4125 — Stop Presidential Embezzlement Act

This section imposes a 100 percent tax on the aggregate amount of damages (whether by settlement, verdict, judgment, or otherwise) received by a covered person from any civil action filed by that person against the United States (or any agency or instrumentality thereof). Covered persons include the President, Vice President, positions at level I of the Executive Schedule, Members of Congress (including Delegates and the Resident Commissioner), and any person related to them within the meaning of section 267(b). The tax applies to amounts received during the applicable period, which begins on the date the individual first served in a covered position and ends one year after the individual last served in any such position. The section treats the tax as imposed under subtitle A for administrative purposes, excludes the damages from gross income under chapter 1, denies any deduction for the tax under section 275(a)(6), and applies the amendments to amounts received after the date of enactment.