Proxy Tax
A tax on lobbying and/or political expenses that exceed an allowable amount set by the IRS.
For example, political activists whose expenditures associated with attempting to influence the public votes in a given election, referendum or legislative matter will likely be required by the IRS to pay proxy tax.
For example, political activists whose expenditures associated with attempting to influence the public votes in a given election, referendum or legislative matter will likely be required by the IRS to pay proxy tax.
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