I found an interesting article in Fortune discussing how investment returns are taxed. The discussion is around how to tax gains from investments -- should they be taxed as ordinary income, or as capital gains (which is a lower tax rate)?

I'm a huge fan of Warren Buffett, and he's made his opinion on this matter very clear -- his effective tax rate is lower than the person who answers his phones, and that seems wrong. He's gone so far as to put his money where his mouth is:

I’ll bet a million dollars against any member of the Forbes 400 who challenges me that the average (federal tax rate including income and payroll taxes) for the Forbes 400 will be less than the average of their receptionists.

Founders: do you consider tax implications when starting a new venture? Or are you more occupied with the details of getting a company started, and you'll worry about the taxes later?