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→‎Supporters and Opponents: fixing paragraph alignment
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Former Republican governor of [[New Mexico]] and current [[Libertarian Party]] candiate for president [[Gary Johnson]] (who also sought the GOP nomination in 2012 before switching parties) is also a supporter of the FairTax. He has said that while there is no such thing as a "good tax", the FairTax is the "best of the worst". He acknowledges that the FairTax is not perfect, but feels it is the best option at the moment.
 
Former Republican governor of [[New Mexico]] and current [[Libertarian Party]] candiate for president [[Gary Johnson]] (who also sought the GOP nomination in 2012 before switching parties) is also a supporter of the FairTax. He has said that while there is no such thing as a "good tax", the FairTax is the "best of the worst". He acknowledges that the FairTax is not perfect, but feels it is the best option at the moment.
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[[Mitt Romney]] wrote in his 2010 book, ''No Apology: The Case for American Greatness'', "One challenge with the fair tax is that the very rich would see their taxes go down--a lot. If Bill Gates makes about a billion dollars a year on his investments, for example, his current taxes would be at least $200 million. Let’s say he spends $50 million on himself and his family every year--which is a huge sum and I doubt he spends that much, but let’s use it for illustration: Under the fair tax, Bill Gates would pay “only” about $17 million in taxes--his tax bill would thus drop from $200 million to $17 million. The Wall Street Journal found that the enormous amount saved by the wealthiest under the fair tax would be made up by a higher tax burden on the middle class."
 
[[Mitt Romney]] wrote in his 2010 book, ''No Apology: The Case for American Greatness'', "One challenge with the fair tax is that the very rich would see their taxes go down--a lot. If Bill Gates makes about a billion dollars a year on his investments, for example, his current taxes would be at least $200 million. Let’s say he spends $50 million on himself and his family every year--which is a huge sum and I doubt he spends that much, but let’s use it for illustration: Under the fair tax, Bill Gates would pay “only” about $17 million in taxes--his tax bill would thus drop from $200 million to $17 million. The Wall Street Journal found that the enormous amount saved by the wealthiest under the fair tax would be made up by a higher tax burden on the middle class."
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