In response to:

New International Monetary Fund Study Inadvertently Provides Very Strong Evidence against the Value-Added Tax

lkartchner Wrote: Nov 02, 2012 9:20 PM
In most of Europe, the sales tax (VAT) is added onto the items base price, so the consumer never sees it unlike traditional use her in the US, where sales taxes are added after the total purchase is added up, so we in the US see the total for the Sales Taxes. Your sister probably only noticed that things in Europe were more expensive than here in the US. the VAT was the reason.

I’m not a big fan of the International Monetary Fund, largely because the folks in charge oftentimes advocate toxic policies such as bailouts, higher taxes, and currency devaluation.

But there are some top-rate economists working at the IMF, and the bureaucracy has published some good studies about the economic benefits of reducing government spending and others warning that