For the latest Warren Buffett, go to WarrenBuffettNews.com – Every line in the tax code is important to some constituency. There are thousands of lobbyists protecting every line in that tax code. It is an attempt for various demographic groups to get more of the pie. Buffett pays the ,lowest rate of taxes on his income than he ever has in his life. He doesn’t pay any payroll tax. Investors have never had it better when it comes to taxes. Capital gains and dividends are taxed at a low rate. Investors have it good because they have lobbied for it.