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IRS to Tax the Purchase of Political Power Through Nonprofits

Clandestine political financiers such as David H. Koch, who along with his brother Charles has bankrolled the tea party movement, may soon be hit with “gift taxes” for each donation to nonprofit political advocacy groups. The Internal Revenue Service has been able to tax such contributions since 1982, but it has rarely happened, The New York Times reports.

Posted on May 12, 2011 READ MORE


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