Ten Galling Tax Loopholes That Cost The US Government Billions Each Year

Learjet

It's tax time, and most Americans are trying to figure how much they owe the IRS.

Still, many corporations and wealthy individuals have already prepared for the big day by assiduously spending money in deliberate ways to minimize their tax liability.

The result is billions in lost revenue for the government every year.

These are just some of the most galling tax deductions that are perfectly legal.