Dedicated to dismantling the Ivory Tower and attempting, in some small way, to help revive the social science of economics.
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Tuesday, July 17, 2007
Payroll vs. VAT (consumption) tax
There is an excellent discussion going on over at Mankiw's place regarding the relative effects of payroll vs. consumption taxes on tradeoffs like labor/leisure, spend/save, etc. Some of the comments are particularly thoughtful and in-depth.