Tax Lawyers in El Paso
Taxes in El Paso, Texas are collected out of necessity. They pay for basic public services, which many of us take for granted.
Taxes in El Paso, Texas are derived from a wide variety of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always determined 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 El Paso is mandatory. The law requires it. So, if you don't pay your taxes, with very few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in El Paso, Texas
Several different things can be taxed in El Paso, Texas. 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 example, local governments collect revenue from sales taxes, licensing fees, as bridge tolls, among many other things.
Sales Tax: The sales tax imposed by El Paso 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: The government of El Paso issues licenses for engaging in a wide variety of different activities. Most often, they issue business licenses, which business owners must obtain before operating any type of business in city limit. The most important of this process is usually paying a fee. While these taxes are called "fees," instead of "taxes," they are functionally identical, and serve the same purpose (namely, raising revenue).
Bridge/Road Tolls: Most major cities charge a toll to enter them via major roads or bridges. These fees are meant to pay for the upkeep of basic public infrastructure in El Paso, by imposing a tax on visitors to it. In theory, this means that people who visit the city are required to contribute to the upkeep of the infrastructure that they will be using while present there.
How Can a El Paso, Texas Tax Attorney Help?
In El Paso, Texas, the laws and regulations that govern the tax system are fairly complex, even if determining one's tax rate is, in theory, a simple matter. Additionally, there are many different exemptions, breaks, and deductions that can make the matter even more complex.
Accordingly, it's very important that you seek the advice of a qualified El Paso, Texas tax attorney if you have any type of issue involving local taxes.