Tax Lawyers in Silverthorne

The government of Silverthorne, 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 Silverthorne, 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 Silverthorne 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 Silverthorne, Colorado

Taxes can come from a wide number of sources in Silverthorne, Colorado, such as sales tax, administrative/licensing fees, and tolls.

Sales Tax: In Silverthorne, 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: Silverthorne issues licenses that are required to legally engage in particular activities. Most commonly, the purpose of these licenses is to raise revenue in the form of fees, making them comparable to taxes. One of the most frequent is the business license, which most businesses must obtain before operating.

Bridge/Road Tolls: Many major cities have tollbooths on all the main roads or highways that go into them. This effectively amounts to a tax paid to enter Silverthorne, ensuring that visitors to the city present at least a small contribution to paying for the city services that they will enjoy while there.

How Can a Silverthorne, Colorado Tax Attorney Help?

In Silverthorne, Colorado, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty difficult. 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 obtain legal advice from a qualified and reputable tax attorney in Silverthorne, Colorado.