Well well Liberal America, who loves Apple and their products so much, how do you justify this?

Apple Inc. (AAPL) has set up corporate structures that have allowed it to pay little or no corporate tax — in any country — on much of its overseas income, according to the findings of a U.S. Senate examination released Monday evening.

The unusual result is possible because the iPhone maker’s key foreign subsidiaries argue they are residents of nowhere, according to the investigator’ report, which will be discussed at a hearing Tuesday where Apple CEO Tim Cook will testify.

This is amusing, really.

What’s happened here is that Apple has created subsidiaries that have no tax home at all.

Effectively what is going on is that Apple has created corporate entities that have no ”citizenship”; they are thus exempt from tax in any jurisdiction when it comes to those entities.

This is not technically illegal, but it is exactly the sort of scheming that our legal environment and tax environment has encouraged.  Apple, incidentally, is nowhere near the only firm doing this but it happens to be one of, if not, the largest.

Tax avoidance is not illegal.  Evasion is.  But you, as a natural person, cannot declare yourself (or any part of yourself) a taxable citizen of nowhere.

But this is exactly what big corporations like Apple have done through legal machinations.  It’s wrong, not because Apple is doing it but because you can’t.

It’s that simple folks.

This is what happens when you set up a tax code that is outageously complex and full of special privileges granted to certain organizations that lobby for those privileges that apply only to them.  Corporations get their best return on investment by “lobbying” Congress, which really ought to be calledbribery (or even blackmail), because effectively (although not “legally”) that’s exactly what it is.

You, as an ordinary citizen, get no such special treatment.

This isn’t limited to big multinational corporations and the Federal Government either.  We have set up “enterprise zones” locally that are exempt or otherwise are privileged in tax status for certain “special” companies; this happens all the time when state and local governments lure manufacturers and other businesses to an area, always backed by the claim that they will “create jobs” and “help the economy.”  What they actually do is shift the increased cost of government services that come with increased business and personal presence onto you while they pocket the difference.

This crap must stop.

Read more at Market Ticker.

A portion of today’s event.

Donald Norcross. For most reading this, his name will mean little to you. It should, however, become a name you familiarize yourself with and work towards understanding the background of the man it represents.

You see, Donald Norcross is representative of a new growing breed of politician in America. Politicians who do not believe they work for the people. A breed of politician that believes his/her power over rules the will of the people.

This can be seen in its clearest form with videos posted by LibertyNEWS.com affiliate MenRec.com. There are two videos. The first shows a private citizen speaking, as is his right, in a public hearing before a vote on gun control bills. Senator Norcross obviously dislikes the testimony given and has the private citizen forcefully removed from the room.

The video above should send chills down your spine. The private citizen is telling the Senate their bill will do nothing but further disarm private, law-abiding American citizens, and instead of listen and consider his words, the Senate has him ejected from the room.

The second video shows the citizens in the audience telling the Senator that HE is out of order, followed by an act of civil disobedience during the hearing.

We’re working on getting details of the bill/s in question and will publish a follow-up when details become available. We’ll also be identifying candidates looking to oppose Donald Norcross in the next election. We highly recommend you consider pitching in to assist in his defeat, regardless of where you live.

Donald Norcross contact information located here.

The IRS tempest is growing into a massive megastorm that’s taking aim at ObamaCare!

The Los Angeles Times reports that Lois Lerner, who heads up the Internal Revenue Service’s tax-exempt division, plans to keep her mouth shut, invoking the Fifth Amendment to the U.S. Constitution in a hearing Wednesday before the House Committee on Oversight and Government Affairs.

So, what does Lerner have to hide? Whom is she afraid of? Or whom is she protecting?

Lerner’s defense lawyer wrote to the committee that his client would refuse to answer questions related to what she knew about the targeting of Tea Party and other conservative groups. She also will decline to say why she didn’t disclose what she knew to Congress.

The Treasury Department’s inspector general’s report said Lerner was made aware in June 2011 that agents had used terms such as “tea party” and “patriot” to single out groups for additional scrutiny.

However, in testimony to Congress, she never admitted the practice had taken place, even when asked multiple times by legislators.

And so the plot thickens.

Diagram of the natural substance IP6.

You’ve probably had a date or two in your life — the sweet tree fruit, I mean. But you’ve never had a Judean date.

There’s a very good reason for that. They’ve been extinct for many centuries!

But a special substance in Judean date seeds from an archeological dig helped keep one of them alive. A high-tech Israeli botanist was able to get that seed from so long ago to germinate.

IP6 (or IP-6) is a substance found throughout nature, especially in seeds (including grains). Though research on inositol hexaphosphate has captured the attention of a few researchers, most people have never heard of it.

Be the first on your block to learn some aspects of what it can do!

The following video was sent in by a reader. The video shows the first few minutes of the deadly tornado that conducted devastating destruction in Moore, Oklahoma.

It’s amazing how quickly the tornado goes from a small funnel appearing in the clouds to a full scale monster rolling across the land. It just goes to show you never know how quickly life can change. For many folks, a normal day turned tragic in a matter of minutes.

The sender is not the original publisher of the footage. If you know who this might be please let us know. We would love to chat with him/her about the events seen in the video.

Former IRS boss Douglas Shulman was pushed, before a committee, to apologize for the political scandal that happened on his watch and under his command. Shulman refused to apologize that it happened, but did say he was sorry that it happened on his watch.

Way to dodge, sir. Way to dodge.

So the interwebs are abuzz today with Yahoo’s acquisition of the blog hosting site Tumblr. Yahoo is betting 1.1 billion on the blog hosting site of around 50 billion people to turn a profit. In the past, Tumblr CEO David Karp has prided himself on the fact he has managed to keep advertising near nonexistent levels on his website. Will Yahoo be able to keep Karp and tumblrs happy with their brand of management?

“I’m anti too many rules. The more rules you make, the more mistakes you can make too,” Albuquerque Tea Party member, Marianne Chiffelle said.

The Albuquerque Tea Party has been fighting the IRS for tax-exempt status since 2009. The IRS targeted Chiffelle’s Tea Party chapter asking for specific connections to a number of groups, Politico reports:

The Albuquerque Tea Party was asked about connections to other groups — Conspiracy Brews, Marianne Chiffelle’s Breakfasts, Concerned Citizens for Limited Government, Concerned Citizens for Common Sense.

Why Chiffelle’s Breakfasts were on that list is a mystery. The Washington Examiner reports:

It took New Mexico Watchdog less than an hour to learn that “Marianne Chiffelle’s Breakfasts” is not some restaurant chain, but a reference to the volunteer work of Chiffelle, a retiree who helps organize informal 9 a.m. meetings for members of the Bernalillo County Republican Party.

“We’ve had these meetings for a long time.” Chiffelle explained. “It’s not a business.”

When the 83 year-old great-grandmother was asked about the IRS policy, she said, ”It needs to be changed…and they need to more than apologize.”

Since living in Albuquerque, Chiffelle has been involved in conservative causes. In addition to “Chiffelle’s Breakfasts,” she helped establish the Children’s Freedom Scholarship Fund. The fund hands out patriotic coloring books to local children, none of which advocated a specific political party or organization. “The kids don’t have any idea, they think freedom is just there for the taking,” Chiffelle said.

“I’ve always paid my taxes and everything,” Chiffelle told New Mexico Watchdog. “What I do think is, it doesn’t surprise me…because of this government we have at the moment.”

Chiffelle was a prisoner of war in a Japanese internment camp during World War II for 4 years, from age 12 to 16. She later immigrated to the United States with her husband in 1960.

“I was a prisoner of war in the Second World War. If the Japanese couldn’t kill me, no one else can. That’s my philosophy. If something is unfair, I will fight to the death…Nothing upsets me. But I’ll do something about it,” Chiffelle said.

So, this is who the IRS targets. Little old grandmas handing out coloring books to children.