IOUSA Live - Warren Buffett on Taxes

In this clip from "I.O.U.S.A.: Live," Warren Buffett talks about how his tax rate is lower than his cleaning lady's - and analyzes why investors pay less in taxes than service staff.

"I.O.U.S.A.: Live" was a one-night event with some of America's most notable financial leaders and policy experts, including Warren Buffett, CEO of Berkshire Hathaway; William Niskanen, chairman of the CATO Institute; Bill Novelli, CEO of AARP; Pete Peterson, senior chairman of The Blackstone Group and chairman of the Peter G. Peterson Foundation; and Dave Walker, former president & CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General. The discussion was moderated by CNBC's Becky Quick.

The live panel discussion was simulcast to hundreds of theatres nationwide following the premiere of the documentary I.O.U.S.A., now showing in a theatre near you. For more information, visit http://www.iousathemovie.com.

Want to see more I.O.U.S.A.? Visit the I.O.U.S.A. website, www.IOUSAtheMovie.com. We've released a 30-minute condensed version of I.O.U.S.A. called "I.O.U.S.A.: Byte-Sized." It's designed specifically for watching and sharing on the web - for free.




Visit http://www.youtube.com/watch?v=O_TjBNjc9Bo today and check out the free byte-sized version of the film!

You can now own I.O.U.S.A. on DVD! The newly released DVD, with 125 minutes of bonus material, now enables even more concerned citizens to learn about the state of our countrys finances and take action!

Available at a local retailer or online at http://www.shoppbs.org/product/index.jsp?productId=3445713 and at http://www.amazon.com/i-o-u-s-David-Walker-Peterson-Foundation/dp/B001P9G3HE/...

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[fp5carbon1]

This piece of shit Warren Buffet is the most selfish, hypocritical, petty fucker in the whole world. He has done absolutely nothing for the world (except for making money and being a capitalist). Disowns his own grandchild for saying that money is the center of his life. Donates all his money only before he dies so he won't be remembered as a complete asshole. Now tells the govt to raise taxes. this Fucker should burn in hell.

[falcondriver100]

This full of shit old fraud hid nearly a Billion dollars from being taxed in a Bill Gates fund, just before he said "raise my taxes".

Typical dishonest, lying & full of shit liberal.

[laurencepak]

i wish he would expalin why is that a bad idea?

any government should be encouraging on investment. the US especially needs that..since no one is saving any money at all.

he as a great leader on money..should explain more why he thinks this is unjust..not just pointing out that it is unjust.

i certain dont think its a bad idea to have lower tax on investments.

[undakova]

THis isn't personal its just the truth. Investors have it better than the cleaning lady because of money and power. That same mount of power is available to any human being who prioritizes there gains in life around how much they pay in taxes. Its possible she is happy to be the cleaning lady of the richest investor in the world at this point in her spiritual development ;) --perspective--

[OghamTheBold]

"Cleaning ladies of the world unite and take over" (now all I need is a brilliant guitarist and I have my first record)