The more a corporation pays its CEO the more it saves in corporate taxes, according to a study by the Institute for Policy Studies. The tax code for corporations permits them to take unlimited deductions for performance pay to CEOs. IPS studied 26 CEOs who averaged $20.4 million in total compensation last year. Each one of the corporations surveyed paid their CEO more than they paid in federal taxes. The CEOs themselves benefit from a favorable tax code, which saves them millions in federal income taxes (Star Tribune, August 19).