A person who earns a $10m a year but only spends $20,000 pays close to the same tax as a person who earns $10m and spends all $10m. Only if you ignore sales ta

A person who earns a $10m a year but only spends $20,000 pays close to the same tax as a person who earns $10m and spends all $10m. Only if you ignore sales tax and other taxes incurred when spending money (hotels, fuel).