NO PROFIT Act

The NO PROFIT Act imposes a 100 percent tax rate on net capital gains earned by individuals while serving as President of the United States. Additionally, it requires presidents to mark their personal assets to market value at the end of each taxable year, forcing them to recognize any gains or losses even if they do not sell the assets. These rules apply to any assets held outside of a qualified blind trust during their time in office and take effect for tax years beginning after December 31, 2024. The legislation directly affects the financial obligations of the sitting president and their immediate family members who hold non-trusted investments.