Conservative MP Philip Hollobone told MPs that marking tax freedom day would make tax more open as workers realised how much of their wages were given to the Treasury.
On 25 November the MP for Kettering led a debate on his private member's bill to recognise tax freedom day in the UK, which failed to complete its second reading in the Commons.
He told MPs: "The purpose is to try and provide some transparency for the British taxpayer about the burden of taxation on them and on the national economy."
Tax freedom day is the first day of the year when a country has, theoretically, earned enough to pay its annual tax burden.
Shadow chief secretary Rachel Reeves told the House she thought legislation to mark the day was "unnecessary" and that there would be cost implications.
Speaking on behalf of the government, Economic Secretary Chloe Smith, said that the Tax Freedom Bill failed to capture the "complex issues" in tax.