We have a heavily wooded lot and could easily produce 100 large bags of leaves for the curbside each Autumn, but instead we mulch and compost and this is working out great for us. Below is an illustrated demostration of the process we follow for getting a wonderful organic end-product.
Rake leaves into piles and mow with a mulching lawnmower, then place these mowed-over leaves in a big pile.
Mow over the big pile again and again, until the pile is reduced by 90%.
With the leaves now chopped until fine-textured, gather and use to mulch garden beds & borders, or place in your compost pile.