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What is a Taxpayer's 'Fair Share?'

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    Former talk show host Montel Williams gives his take on taxing the rich and what he believes needs to be taken out of the tax code.

  • Duration 6:35
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So what is the fair share for the most successful -- minute segment of our population to be paying taxes.

We've got someone who knows all about being successful and helping people Montel Williams was the host of one of the most successful.

Daytime talk shows ever now he's using his -- to help our troops and their families.

But don't wanna start first the government.

Do you think they should be taxing the rich Moore -- this whole concept of fair share I don't understand why we can't get our hands around the workfare.

This -- start at fair Begin their -- does distort and that's sort of tax code there's no way you can tax one group or another.

Fairly with the tax code that's in existence -- as much -- -- throughout the entire tax code.

Let's start from the bottom and then I would do a graduated flat tax based on.

Income levels but -- spread would be way greater than the spreads that we have right now.

-- you -- like to hire all the lives of people were paying you have a little bit more okay than and how dare you say you don't have a right up a little bit more I don't mind paying my fair share.

I'm -- money right now for the two million people.

Who put their lives -- line to protect this democracy.

Hello.

-- -- I made money off of everybody this country.

-- -- -- You make a distinction though between a household where that income is 250000.

And below making a million in that -- a billionaire you would make those distinction -- -- but it's not that great.

Because I think we can make this really so if you take away all the tax breaks for everybody -- Corporations individuals get rid of let's -- start with a single income tax.

Graduated flat and -- -- Lamar a little bit from the -- I'd say that if you're.

The poverty level in America today analyst pick a number one or 2%.

So you can pull yourself up by booster what you should contribute something open most -- your problem borrowed that you're you're utilizes.

Absolutely pace something that everybody in this country the -- of the those of us who have made our money off of other people other Americans.

That's what my income comes from -- watch me for seventeen years I have multiple companies that directly.

Target products -- you you buy that.

I told you back my percentage of what you've given -- I'm not -- be unfair and I am not going to tax you shouldn't -- me 50% just for the I made more money but I own my fair share and market Americans start talking about affair which -- -- -- maybe because it's been political politicized so much but.

I -- -- to what you were just saying that because or not -- nor the sort.

A lot of people yesterday in the Wall Street Journal Charles Schwab had an.

CEO this week from Coca-Cola talked about how much easier it is to do business in China and Russia.

Then here in America as an -- -- Are you finding it difficult to grow your business are you finding that there's so much red tape it and really do you think that there's a deliberate attempt to to demonize.

We have to really figure Sullivan this is supplement I've -- -- -- the government for -- in my small businesses and I'm putting the government too little so little.

Trying to reach out to other investors getting people were interest in the evolved.

But right this minute.

I'm about the take a paradigm outside of the United States.

-- six other countries invited in by those countries with apparent Imus should be on the streets of America today.

But I can't put on the streets here.

I'm gonna do overseas first which is to me really -- a -- that I mean is that because of regulations in this regulations and a lot of red tape and a lot of really just.

Blatant ignorance about how we do business.

Here in this country.

It's compared to our business is going outside and it's things.

Earlier yesterday Herman Cain is really not really getting a whole lot of traction in this presidential race He talked about the black community being brainwashed.

And to always voting Democrats.

How do you feel about and I just find them and ignorant comments aren't from hurricanes one of you from this point -- -- -- put it this way and I'm not calling Herman -- ignored pleas to right now.

Vilify me -- central -- shot of him.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I was brainwashed to be Republican a Republican as I stood by the is -- I got out of the military.

I'm now an independent and I vote independently.

Period on issues.

That's what I believe that -- Nobody brainwashed me to do that and I don't think the rest of the black community is the same we are you know I'm tired here in this this.

Attitude is if we are not smart enough to make decisions on our -- Alright black communities we have to the -- in this country.

-- Norway we have to talk about Fisher house because -- -- just talk about Fisher it's really important this is the one of the only eight plus charities.

Out of the 41 charities that represented -- -- and sailors.

One of the before April series more than they do over the course of the last ten years they've given -- over a 160 million dollars worth of free services.

To our failing members of our fallen soldiers and sailors were injured.

Who have to go to VA hospitals this thing or Fisher house as they wanna -- house for the VA.

They not only allow family members to come and stay 448.

When I was referring but you could also building let's say your excess -- to programs called hero miles they've given away over 25000.

Air.

Fair or airplane tickets to people to be able to go and visit their failing there was.

While there being a 168000160.

Minute let's think they've helped over a 142000.

Families given them over three and a half million nights for.

Free not in the hotel.

Got to think of these are really luxurious homes that are built eight to 21 suites and each with a common area kitchens so that would -- were coming back.

Dealing with the horrific injuries of of war have to commiserate -- -- it was greatest a place for them to feel like there -- other people that if there.

And in -- stay there for Opel -- a year and a lot of the missile last filmmaking you know they built a Fisher house at Dover Delaware.

Lot of us a little bit every single one of our four soldiers of some sixties have come back come back from this in this country re entered through Dover.

The closest place a fairly could go and stay up until when Fisher house was built there with seven miles away that was a motel -- America right.

They put that on the on the property and they'll family members when they go back -- retrieve them remains of their fallen.

They have a really good place to be.

-- because of Fisher house new -- Definitely they really do so -- -- -- economy lot of the viewers get tough to treasure house -- or please view school officials level will take you know if you have access smiles donated.

If you one of those ten dollars donated.

This is the time and efforts to stop talking smack about how I support the troops.

-- and start living her Montel Williams talk show host extraordinaire thank not corridor extraordinary humanitarian treatment thank you very much appreciate it thank you.