Warren Buffett is trying to lead by example, holding up his own payslip as a reason why the country's ultra rich should pay more in taxes.

Mr Buffett, 81, revealed today that he made $62,855,038 in 2010, proving that he clearly hasn't been going to bed worried about his financial future.

Even though he received nearly $62.9million last year, Mr Buffett only paid $6.9million in federal income taxes, which is just over 10 per cent of his total income.