Life is very good if you're Boeing CEO Jim McNerney. He took home $13.8 million - $800,000 more than the aerospace giant paid in federal taxes.

A blog reader (who I should thank) sent me in a video from One Minute News about the 25 Top CEO’s making a higher salary than the amount of taxes the companies they work for are paying. Although I have read this elsewhere, I was just so annoyed that I questioned whether I should even write about it because of how I may go off on a tangent. But, when I received that email I realized that I wasn’t the only one who was frustrated, so here it is.

“These CEOs are reaping awesomely lavish rewards for the tax-dodging they have their corporations do,” concluded the report from the liberal Institute for Policy Studies.

The companies, which include familiar corporate giants Boeing, Ford, eBay, General Electric, Verizon and Prudential, made an average of $1.9 billion in global profits each in 2010.

Tax shelters and clever accounting – 18 of the 25 have subsidiaries in offshore tax havens like Luxembourg – most of the companies actually got an average refund of $304 million instead of filling the federal coffers, the report says.

And their CEOs waltzed off with an average of $16.7 million in salary and bonuses, the group found.

“We have, in short, a corporate tax system today that works for top executives – and no one else,” study co-author Chuck Collins said.