Tax the Grift Act
Latest action: Referred to the House Committee on Ways and Means. (2026-05-29)
View the official record →In plain English
What this bill does
This bill would amend the federal tax code to impose a tax equal to 100% of any payment a person receives from a settlement fund that was created as a result of a civil lawsuit filed by the President of the United States against the Internal Revenue Service. The payment would be excluded from regular gross income but taxed in full under this new provision, meaning the recipient would effectively keep none of it. The change would apply to amounts received after the bill becomes law.
Who it affects
It would most directly affect any person who receives money from a settlement fund stemming from a lawsuit brought by the President against the IRS. This is a very narrow category of recipients.
Key points
- Creates a new tax chapter (Chapter 50B) in the Internal Revenue Code.
- Sets the tax rate at 100% of qualifying settlement payments.
- Defines a qualifying payment as money from a fund created by a civil lawsuit filed by the President against the IRS.
- Excludes these payments from gross income but bars any deduction for the tax imposed.
- Applies to payments received after the bill's enactment.
Plain-English summary generated by AI from the official record. Neutral by design; verify against the official text linked above.
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1 · Your position
If you support this
Supporting this bill means backing a 100% tax that would effectively take all of any payout someone receives from a settlement tied to a lawsuit the President filed against the IRS.
If you oppose this
Opposing this bill means leaving such settlement payments taxed under existing rules rather than subjecting them to a full 100% tax.
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