[valuearb]

Apples foreign sales and profits are taxed in every country they sell in.

- then the remaining profits are taxed again by the US government when Apple repatriates them to the US.

- Then the remainder are taxed again by the state Apple reports them in.

- Then they are taxed again by the federal government when Apple shareholders receive the remainder as dividends.

- Then they are taxed once more by the Shareholders state, finally allowing the shareholder to spend (or reinvest) what remains.