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Monday, December 17, 2012

Your Money: The Apple Tax - America's costly obsession | Reuters

Your Money: The Apple Tax - America's costly obsession | Reuters: "(Reuters) - With the "fiscal cliff" looming, taxpayers are wringing their hands about all sorts of things. Income taxes might rise, dividends might get walloped, lifetime gift-tax exemptions might get slashed.

But when it comes to immediate impact on their wallets, maybe they should be thinking about something else entirely: The Apple tax.

Americans are shelling out big bucks annually to outfit the entire household with Apple products. And they are spending hundreds - if not thousands of dollars - more each year for the unexpected Apple "taxes" -- add-ons that lock them into the Apple system: iTunes downloads for music, movies and games, along with subscriptions and accessories."

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