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The majority of CEOs at large companies now legally shield unlimited amounts of compensation from taxes through special deferred accounts their employers set up,Salvatore Ferragamo Bags,Ferragamo Bag,Ferragamo Outlet. Meanwhile, the rest of us face strict limits on how much income we can put in their retirement nest eggs via 401(k) plans,Ferragamo Bag. The cap maxes out at $22,Ferragamo Outlet,000 per year for workers over 50. The top beneficiary of this perk last year was Wal-Mart CEO Michael Duke,Ferragamo Bag,Salvatore Ferragamo Bags, who socked away $17 million in his deferred compensation account, 774 times the amount that a Wal-Mart employee of Duke's age could set aside tax-free,Ferragamo Handbag.

3) The "why hedge fund managers pay a lower tax rate than their secretaries" loophole

Hedge and private equity fund managers pay taxes at a 15 percent capital gains rate on the profit share -- "carried interest" -- they get paid to manage investment funds, rather than the 35 percent rate they would pay under normal tax schedules,Ferragamo Handbag,Ferragamo Outlet,Ferragamo Bag. The biggest winner from this loophole last year was Ray Dalio,Ferragamo Outlet,Ferragamo Bag, of the Bridgewater Associates hedge fund. He raked in $3 billion (yes, billion,Ferragamo Outlet, not million), according to Forbes,Ferragamo Handbag, which calculated that if Dalio had paid ordinary income tax rates, he would have contributed an extra $450 million to the Treasury,Ferragamo Bag.