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.
Successful land speculation (also known as “real estate investment”) is really a matter of taking for yourself the gains that belong to the community. George Menninger is one of the many who have done it, but he’s exceptional in his understanding of what he did, as well as his sympathy for his victims. He’ll explain how the bad public policy he exploited not only made him rich, but led to continued poverty, unemployment, and even the recent economic meltdown.
Menninger is a Henry George School volunteer instructor, and this stand-alone session also serves as the introduction to his modern version of Progress & Poverty. After his talk, you may, if you wish, sign up for the five-session course.
Would Rube Goldberg have been able to design a less straightforward system of funding government than the U S Federal income tax? In this presentation, HGS instructor Bob Jene looks at what it costs to collect this revenue. 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.
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.
Once again this year, our colleagues from the Public Revenue Education Council will have a booth at the annual conference of the National Council of State Legislators. PREC travel to the host city each year, and in 2016 they’re at McCormick Place in Chicago.
PREC will want assistance from local people who have completed one or more courses at the Henry George School and understand the fundamentals of political economy, especially land value taxation and the “two-rate” or “split rate” tax. If you might like to help out, contact Chuck Metalitz for more details. Because this conference of public officials is closed to the public, this might be you only way to get into the exhibit hall, and requires pre-arrangement. Only a limited number of these volunteer positions is available.
Because it’s important for concerned people to understand the basis of Henry George’s proposal, we have a special offer for college and graduate students in economics, public policy, and related fields. A generous supporter of the Henry George School will pay you $40 to participate in this two-hour program (90 minute presentation plus 30 minutes of discussion and questionnaire). You must bring your school identification card. If you are concerned about the causes of poverty you will find this presentation to be of interest. The session is also open to faculty.
Checks will be mailed. Henry George School reserves the right to limit the number of attendees.