AP Headline Jumps on the Apple-Bashing Train on Taxes ('Phantom Taxes

July 23rd, 2012 7:52 PM
Gosh, if Apple would only send the money it has parked overseas back to the United States and pay income taxes on it, the federal government's situation would be so much better, the budget would would balance, and ... no, not really. According to Peter Svensson at the Associated Press, the company has $74 billion in cash parked overseas, meaning that it would owe federal income taxes of about $…