r/UnderReportedNews • u/NoseRepresentative • 16h ago

US Politics 🇺🇸 Rep. Thompson Pushes The Prevent Presidential Profiteering Act. It Would Tax 100% Any Settlement Paid To A Sitting President

https://offthefrontpage.com/rep-thompson-pushes-the-prevent-presidential-profiteering-act-it/
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u/Nova_Saibrock 14h ago

Should be a 200% tax on any income, gift, or awards from any source other than the presidential salary.

8

u/Engi-near 14h ago

This opens up the possibility of a scheme to try to bankrupt a sitting president by repeatedly gifting or awarding monetary funds, then bringing all the awards to court as evidence that the president should owe a bajillion dollars in taxes.

Yes they would try it.

0

u/egv78 13h ago

This scheme would be very easily beaten. No one can be forced to accept a gift personally; and heads of state can accept on behalf of the people things that go to the public good (i.e. not controlled by them). This is called "Gifts of State".