Tax Lawyers in Independence
Independence, Missouri has to collect taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.
Taxes in Independence, Missouri can come from a wide variety of sources, but they are always collected at a rate set by law. Sometimes, taxes might come in the form of flat fees, and other times they are collected as a percentage of something, such as a person's income or the value of a piece of property.
Everyone in Independence is required by law to pay the taxes they owe. If you fail to do this, you could end up facing jail time.
Sources of Tax Dollars in Independence, Missouri
There are a large number of different sources of tax revenue in Independence, Missouri. They include, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: Mostly cities in the U.S., as well as most states, charge a sales tax. In Independence, the sales tax is calculated as a percentage of the sale price of most goods and services. The rate varies from state to state, and city to city.
Licensing Fees: In Independence, licenses are required to engage in many different activities, or at least to do so legally. The most common 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 collecting 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 Independence 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 Independence, Missouri Tax Attorney Help?
Tax Law in Independence, Missouri is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very complex. Furthermore, there are usually special tax breaks or exemptions that may or may not apply to you.
Therefore, it's extremely important that you obtain the advice of a qualified Independence, Missouri tax attorney if you have any tax law questions.