ABSTRACT
The Tax Foundation calculates that Tax Freedom Day now comes to America only in early May.1 Until then the average American must work to support government. Only after then can his work go to support self and family. Stated differently, the average person devotes nearly three hours out of each eighthour working day just to pay taxes. It is hardly surprising in the face of such high tax burdens that resistance to proposed tax increases is stiff. Even the calculation of Tax Freedom Day understates the true tax burdens that Ameri cans face, because this calculation ignores the implicit tax burdens that are contained in government regulations. The costs of complying with govern ment regulations and mandates are truly taxes on people, only they are ab sorbed into the costs of doing business and embedded in market prices.2
