The Federal Reserve accomplished two things yesterday, one expected and another that changed their entire decision-making process. The expected part was replacing the balance sheet neutral Operation Twist with a plan to purchase an additional $45 billion in long-term treasury securities while ceasing to sell short-term notes to fund the purchases.

In other words, the Fed is going to keep buying things as before but will now be using borrowed money. The program will add $1 trillion to the Fed's balance sheet in 12 months.

The stunner was Bernanke putting an explicit goal on unemployment of 6.5%. While the Fed has always given numerical inflation targets, employment goals were left fuzzy. Not anymore. As long as unemployment is greater than 6.5%, Wall Street can assume stimulus will stay in place or pick up steam.

"Previously they were giving us a date, they said they anticipated rates would stay low through mid-2015. What they wanted to do now was to frame it not so much as a specific date, but to put it in terms of economic indicators," explains Michelle Girard, senior economist at RBS, in the attached clip. As a result the market gets more information as to what the Fed is looking at and what they want to achieve.

Since Warren Buffett has once again entered the current debate over tax increases by calling for the federal estate tax to go up, it only seems fair to see how his latest round of proposed changes would actually impact him. Buffett is among America's super rich, and his fortune, at $46 billion, is second only to Microsoft founder Bill Gates'.

Prior to his latest call for the upward revision of the estate tax, the Berkshire Hathaway Chairman has also recently called for income, capital gains and dividend taxes to go up too, explaining in a widely discussed op-ed in The New York Times ("A Minimum Tax For The Wealthy") that higher tax rates over the years have had no bearing on investors like him.

As much as this may sound like selfless advice from a renowned financier who simply wants what's best for America, in reality he's immune from almost all of it. As I discuss with Aaron Brown, Risk Manager at AQR, in the attached video, Buffett's do-as-I-say, not-as-I-do proposals seem to fit the criteria needed to be a patriotic millionaire.

"I just got fed up. It wasn't just Warren Buffett. There's been a half dozen of these things lately, and what I noticed is everyone is asking for taxes to be raised except the taxes they actually pay," Brown told me on the sidelines of the Minyanville Festivus event.

So in that light, let's look at the gap that exists between proposed tax hikes and actual impact.