Tax Lawyers in Franklin

To pay for basic services like police, schools, firefighters, libraries, and hospitals, the government of Franklin, Indiana collects taxes.

Taxes in Franklin, Indiana 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.

You are legally-required to pay your taxes in Franklin. 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 Franklin, Indiana

A wide variety of activities are subject to taxation in Franklin, Indiana, 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 Franklin 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. Usually, local sales taxes are less than one percent, while state sales taxes are in the 5% range.

Licensing Fees: The city of Franklin may require business owners to get a license from the local government before they begin operating within city limits. Typically, the main hurdle involved in obtaining one of these licenses is paying a fee to the city government. Although these payments are called "fees" as opposed to "taxes," they operate in the same way, and serve largely the same purpose, as taxes.

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 main public infrastructure in Franklin, 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 Franklin, Indiana Tax Attorney Help?

In Franklin, Indiana, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in difficult ways. Furthermore, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.

Accordingly, it's very important that you seek the advice of a reliable Franklin, Indiana tax attorney if you have any type of issue involving local taxes.