This is nothing new but cannot be emphasized enough. The President and his Buffet Rule Mantra conveniently leave the distinction out of the debate. It is important for American people to realize that Warren Buffet's secretary is taxed more than Warren Buffet because his secretary's tax rate is largely based on her salary where has Warren himself is taxed at a lower rate BECAUSE all of his income is from Capital Gains, which is a lower rate. WHY is it a lower rate? Because it is a gain from capital invested by Warren. Capital is largely money that Warren has THAT HAS ALREADY BEEN TAXED. He is risking it to invest in other companies. If the gets a positive return, he is taxed but not taxed as high as the rate of the salary he pays his secretary, other employees, or himself (if he pays himself a salary). This is all designed to increase taxes, salary and captial gains, to higher rates. This is being sold to the American people under the guise of "fairness" as the millionaires will now pay their share. But, Americans should think twice; in particular, Seniors living in retirement off the Capital Gains from their investments. Think Seniors are eager to pay 25% vs. 15% on income??