Tax Lawyers in Shreveport
To pay for general services like police, schools, firefighters, libraries, and hospitals, the government of Shreveport, Louisiana collects taxes.
Taxes in Shreveport, Louisiana 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 Shreveport 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 Shreveport, Louisiana
Numerous different things can be taxed in Shreveport, Louisiana. This is meant to ensure that there is a wide range of sources of tax revenue, and that the government does not have to rely too heavily on any one revenue stream that could dry up. For instance, local governments collect revenue from sales taxes, licensing fees, as bridge tolls, among several other things.
Sales Tax: The sales tax imposed by Shreveport 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: Shreveport 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: Most major cities charge a toll to enter them via main roads or bridges. These fees are meant to pay for the upkeep of basic public infrastructure in Shreveport, by imposing a tax on visitors to it. In theory, this means that individuals who visit the city are obligated to contribute to the upkeep of the infrastructure that they will be using while present there.
How Can a Shreveport, Louisiana Tax Attorney Help?
Tax Law in Shreveport, Louisiana is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very perplexing. Furthermore, there are usually special tax breaks or exemptions that may or may not apply to you.
If you have any legal issues with your taxes, you should seek legal advice from a competent and reputable tax attorney in Shreveport, Louisiana.