Tax the Grift Act

This bill would create a new federal tax equal to 100 percent of any payment a taxpayer receives from a fund set up as a result of a civil lawsuit filed by the President of the United States against the Internal Revenue Service. These payments would not count as gross income for regular income tax purposes, and the new tax could not be deducted from income tax. The tax would be administered the same way as income tax. It would apply to amounts received after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Mark Pocan Democrat sponsor
• 0 cosponsors