This bill would impose a 100 percent tax on damages that current or former presidents receive from civil lawsuits filed against the United States government. The tax would apply to the president, their spouse, their close relatives, and any businesses they control, and would cover damages awarded through settlement, verdict, or judgment during the president's time in office. The bill excludes these damage amounts from regular income tax while simultaneously taxing them at 100 percent under this new provision, effectively preventing presidents from profiting from such civil actions. The legislation would take effect immediately upon enactment and would be administered through the Internal Revenue Service as part of the tax code.
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