Tax Lawyers in Denver
The government of Denver, Colorado collects taxes from its residents in order to pay for basic public services, like police and fire departments, libraries, hospitals, and public transit.
Taxes in Denver, Colorado are derived from a wide variety of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always determined 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 Denver is mandatory. The law requires it. So, if you don't pay your taxes, with very few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Denver, Colorado
In Denver, StateName>, taxes can come from a range of sources, such as sales tax, licensing fees, and bridge/road tolls.
Sales Tax: In Denver, the sales tax is a tax that's added to the price of goods at the point of sale. Normally, you have to pay a city sales tax on top of whatever sales tax is levied by . Usually, the local sales tax is much smaller than the state tax, which is normally in the area of 5-8%, with the city tax most often being less than one percent.
Licensing Fees: In Denver, some business owners might be required to get a business license from the local authorities before the business begins operations. It is commonly the case that the most important part of getting a business license is paying the required fees.
Bridge/Road Tolls: Most large cities in the U.S. charge fees, or tolls, on automobiles entering the city via public bridges and highways. This money is, more or less, a tax on everyone who drives into Denver via public infrastructure. This means that everyone who visits is required to make at least a small contribution to the government services they'll be using while there.
How Can a Denver, Colorado Tax Attorney Help?
Tax Law in Denver, Colorado is sometimes simple. More often than not, however, some wrinkle appears that makes determining one's tax liability more confusing than it probably needs to be. Additionally, many individuals and groups are legally entitled to tax breaks and deductions, which can make figuring out one's tax liability even more difficult.
Accordingly, it's very important that you seek the advice of a reliable Denver, Colorado tax attorney if you have any type of issue involving local taxes.