Tax Lawyers in Rexburg
The government of Rexburg, Idaho collects taxes from its residents in order to pay for basic public services, like police and fire departments, libraries, hospitals, and public transit.
In Rexburg, Idaho, taxes are derived from various sources. Regardless of where a particular tax comes from, it is always collected in an amount dictated by law. Most often, taxes are calculated as a percentage of income, sales, or property value. Sometimes, normally in the context of licensing fees or car registration fees, taxes are set at a flat rate.
You are legally-required to pay your taxes in Rexburg. If you fail to pay your taxes, without a compelling reason, you are committing a crime, and may end up going to jail as a result.
Sources of Tax Dollars in Rexburg, Idaho
In Rexburg, StateName>, taxes can come from a range of sources, such as sales tax, licensing fees, and bridge/road tolls.
Sales Tax: A sales tax in Rexburg is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of also imposes a sales tax, which must be paid in addition to the local tax. Normally, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: In Rexburg, licenses are required to engage in many different activities, or at least to do so legally. The most prevalent of these are business licenses. While some professions require licenses because the state has an interest in ensuring competence in them (in law and medicine, for instance), many business licenses exist for the primary purpose of gathering revenue, and therefore serve the same purpose as taxes.
Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via major highways or bridges. This amounts to a tax paid for the privilege of entering Rexburg if it has such toll roads. Besides being a general source of revenue, these tolls require visitors to the city, who will have many city services available to them while they visit, to pay at least some contribution to these services.
How Can a Rexburg, Idaho Tax Attorney Help?
Tax Law in Rexburg, Idaho is sometimes simple. More often than not, however, some wrinkle appears that makes determining one's tax liability more complicated 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.
Therefore, it's extremely important that you obtain the advice of a knowledgeable Rexburg, Idaho tax attorney if you have any tax law questions.