The Huge Hidden Tax in Government Regulations – Mises Institute

The Huge Hidden Tax in Government Regulations – Mises Institute
The U.S. Federal Register records regulations are imposed on business. Its annual pages generally grow with every administration, with a 19% year over year increase in Obama’s last year, setting a record-breaking 95,000-plus pages. Professor Alan Dershowitz notes that, “today the average professional commits three felonies a day without realizing it, thanks to the complex layers of regulation and legal requirements that have been built up over time.” The Small Business Administration estimates the compliance costs of regulations may be upward of $2 trillion a year; an enormous hidden tax nearly six times greater than the aggregate $350 billion in corporate tax revenue collected annually by the IRS in recent years.

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