This presentation looks at the cost of collecting the income tax. The IRS overhead itself represents the direct cost to the government in generating this revenue. Beside that there is the burden put on the tax payer in preparing his return, in the case of an audit there may be the cost of representation before a tax court. You also become aware of the vast amount of human resources wasted on this activity for the revenue generated.
Do we need to suffer like this (and/or pay someone else) in order to fund government? In this presentation, HGS instructor Bob Jene looks at what it costs to collect income taxes. The direct cost to the government of operating the Internal Revenue Service is only a small part, as the burden put on the taxpayer, and the diversion of effort from productive uses, should also be considered.
If you want to understand the underlying causes of persistent poverty in America, you’ll benefit from this course. This is the “modern” version, based on Bob Drake’s “Abridged for Modern Readers” edit of Henry George’s original book. As always, the first class session is entirely free, but if you decide to enroll in the course we request a $25 fee to help cover costs. Veteran HGS instructor Bob Jene will help you understand not only the causes of economic stagnation, but a workable remedy.
This course will meet for six consecutive Friday’s beginning January 6. Our space at Overflow Coffee Bar is directly served by CTA routes 62 and 29, and a reasonable walk from Red, Green, and Orange Line Roosevelt station, as well as Metra Electric’s Museum Campus and 18th Street stops.
Adam Schuster will present “Diagnosing Illinois’ Fiscal Sickness and Prescribing a Cure” to the Henry George School. He is working on a 5-year fiscal plan to save the state and pay off its debt.
Adam is budget and tax research director at Illinois Policy Institute. Prior to joining the Institute, he worked in the Illinois Department of Labor to reduce unnecessary regulatory burdens and on an initiative to tie state spending to measurable outcomes.
Registration is required for this event. Those attending will be required to pick up a badge from building security to come upstairs. Please tell us you’re coming by sending email to info@hgchicago.org or calling 312 362-9302.
Michael Belsky, executive director Center for Municipal Finance at Harris School University of Chicago, will discuss ongoing research into the state and local pension crisis in Illinois.
Registration is required for this free event.
Right on the streets of every American community, robbery takes place every working day. You might not realize how much value the people of Chicago (and every other community) already create, simply by going about our daily activities. You’ll learn how we could comfortably produce much more, if only a smart tax policy were put in place.
Originally conceived as a field trip for Progress and Poverty students, this stroll — about 2 km and 90 minutes — presents some answers for those interested in finding out. Additionally, we’ll take a look at recovered loot of a long-ago theft, learn how Thomas Jefferson proposed to finance Chicago’s public schools, see some infrastructure that you probably didn’t know about, visit a shopping mall that you paid for but don’t own, and glimpse a billionaire’s downtown garden.
Detailed sourced notes will be provided. This is now a free tour, no donation required, although we do appreciate (tax-deductible) contributions from those who can afford it and find the event worthwhile.
Please sign up using the Eventbrite link.