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Happy New Tax Freedom Day | Doug Bandow | Cato Institute: Commentary: "Taxes once reflected the cost of government. No longer. This year Uncle Sam is borrowing 40 percent of the money necessary to fund federal operations. Regulation imposes a separate quasi-tax on the American people.
As a result, Americans don't actually stop paying for government this year until today, August 12. That's 224 days representing more than 61 percent of national income."
"the average American will have to work an additional 41 days to pay off his or her share of the cost of government compared to ten years ago in 2001, when COGD was July 2."
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