Households Face Up to $14,000 in 'Hidden' Federal Taxes Every Year, New Report Reveals

Less obvious way the federal government imposes financial costs on citizens-and according to a new report, it amounts to trillions annually.

Which documents the "Size, scope, and cost of federal regulations, and how they affect American consumers, businesses, and the U.S. economy at large." Report author Clyde Wayne Crews explains how we face a "Hidden tax" from the economic burden of our massive regulatory state.

Tens of thousands of new regulations are imposed every year.

The report estimates the economic costs of federal regulation at an astounding $1.9 trillion annually.

The CEI report explains that if we assume the costs all ultimately fall on consumers, then it equates to up to $14,368 in annual costs per US household.

Of course, when it comes to the ever-expanding federal government, the most obvious cost is what the politicians in Washington, DC take from us in taxes every year.

This new report further proves that the unseen, hidden costs of the federal government's growing involvement in economic life are even more drastic than what comes directly out of our paychecks.

https://fee.org/articles/households-face-up-to-14-000-in-hidden-federal-taxes-every-year-new-report-reveals/