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All told shady shelters and good old-fashioned fudging the tax cheating appears to be costing the Treasury well above $200 billion a year, a devastating sum in relation to the $1.1 trillion of income tax collections.
Add the December budget deal to this $20 billion switcheroo and the sequester cuts for 2014 were now down to $14 billion, hardly a devastating sum given the roughly $550 billion in previously projected funding.
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IT IS a devastating prospect.
Then a devastating tsunami followed.
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It was a devastating presentation.
This was a devastating shock.
This was a devastating blow.
It was a devastating blow.
A devastating force.
They have a devastating emotional force.
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