Tax Lawyers in Ashland
To pay for general services like police, schools, firefighters, libraries, and hospitals, the government of Ashland, Kentucky collects taxes.
Taxes in Ashland, Kentucky 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.
Residents of Ashland are legally obligated to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in Ashland, Kentucky
A wide number of activities are subject to taxation in Ashland, Kentucky, creating a massive range of revenue sources. For example, cities normally impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: A sales tax in Ashland is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of further imposes a sales tax, which must be paid in addition to the local tax. Usually, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: In Ashland, licenses are required to engage in many different activities, or at least to do so legally. The most frequent 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 compiling revenue, and therefore serve the same purpose as taxes.
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 everybody who drives into Ashland via public infrastructure. This means that everyone who visits is obligated to make at least a small contribution to the government services they'll be using while there.
How Can a Ashland, Kentucky Tax Attorney Help?
Tax Law in Ashland, Kentucky is sometimes simple. More often than not, however, some wrinkle appears that makes determining one's tax liability more perplexing than it probably needs to be. Furthermore, many individuals and groups are legally entitled to tax breaks and deductions, which can make figuring out one's tax liability even more difficult.
Thus, it's necessary that you obtain the counsel of a qualified tax lawyer in Ashland, Kentucky if you think that you might need help with your local taxes.