For the longest time I've wondered why "capital gains" aren't taxed like regular income. That's where most of Buffet's income is; it's not like he has Hathaway write him a paycheck every couple weeks. Seems to me that low capital gains tax rates is more about low taxes for the rich than it is about encouraging investing business job creation or anything for the general welfare.

I've never had any capital gains to declare for the lower taxes.

Sg