Tax Lawyers in Lafayette
To pay for basic services like police, schools, firefighters, libraries, and hospitals, the government of Lafayette, Louisiana collects taxes.
Taxes in Lafayette, Louisiana 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 Lafayette 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 Lafayette, Louisiana
Taxes can come from a wide variety of sources in Lafayette, Louisiana, such as sales tax, administrative/licensing fees, and tolls.
Sales Tax: In Lafayette, the sales tax is a tax that's added to the price of goods at the point of sale. Usually, you have to pay a city sales tax on top of whatever sales tax is levied by . Typically, the local sales tax is much smaller than the state tax, which is usually in the area of 5-8%, with the city tax most often being less than one percent.
Licensing Fees: Lafayette 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 similar to taxes. One of the most common is the business license, which most businesses must obtain before operating.
Bridge/Road Tolls: Some larger cities have tolls set up on every major highway that enters the city. Effectively, this amounts to a fee that you have to pay in order to enter Lafayette, if it imposes such a toll. The idea is that visitors from outside the city enjoy many of the protections provided by the city government while they're there (such as protection by the police), and should pay at least a token sum to contribute to those services.
How Can a Lafayette, Louisiana Tax Attorney Help?
In Lafayette, Louisiana, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in complex ways. Also, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
Therefore, it's extremely important that you obtain the advice of a qualified Lafayette, Louisiana tax attorney if you have any tax law questions.