Tax Lawyers in Aspen
The government of Aspen, Colorado collects taxes from its residents in order to pay for general public services, like police and fire departments, libraries, hospitals, and public transit.
Taxes in Aspen, Colorado are derived from a wide number of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always decided by law. A tax can come either in the form of a flat fee, or as a percentage of one's income, the value of a piece of property, or a sale.
In case you were wondering, paying your taxes in Aspen is mandatory. The law states it. So, if you don't pay your taxes, with extremely few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Aspen, Colorado
In Aspen, StateName>, taxes can come from a range of sources, such as sales tax, licensing money, and bridge/road tolls.
Sales Tax: The sales tax imposed by Aspen is on top of the sales tax collected by the government of . Sales taxes are usually fairly small - about 5-7% at the state level, plus a city sales tax that's usually one percent or less.
Licensing Fees: Aspen issues licenses that are required to legally engage in certain activities. Most often, the purpose of these licenses is to raise revenue in the form of fees, making them comparable to taxes. One of the most common is the business license, which most businesses must obtain before operating.
Bridge/Road Tolls: Some larger cities have tolls set up on every main highway that enters the city. Effectively, this amounts to a fee that you have to pay in order to enter Aspen, if it imposes such a toll. The idea is that visitors from outside the city enjoy many of the protections provided by the city government while they're there (such as protection by the police), and should pay at least a token sum to contribute to those services.
How Can a Aspen, Colorado Tax Attorney Help?
In Aspen, Colorado, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty convoluted. On top of that, there are many different breaks and exemptions that apply to specific types of groups and individuals, further complicating things.
If you have any legal issues with your taxes, you should seek legal advice from a competent and reputable tax attorney in Aspen, Colorado.