Tax Lawyers in Newton
To pay for general services like police, schools, firefighters, libraries, and hospitals, the government of Newton, Massachusetts collects taxes.
In Newton, Massachusetts, there are various different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts decided by the relevant laws. Normally, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).
Residents of Newton are legally obligated to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in Newton, Massachusetts
There are a massive number of different sources of tax revenue in Newton, Massachusetts. They contain, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: In Newton, the sales tax is a tax that's added to the price of goods at the point of sale. Normally, you have to pay a city sales tax on top of whatever sales tax is levied by . Usually, the local sales tax is much smaller than the state tax, which is normally in the area of 5-8%, with the city tax most often being less than one percent.
Licensing Fees: Newton issues licenses that are required to legally engage in particular activities. Most commonly, the purpose of these licenses is to raise revenue in the form of fees, making them comparable to taxes. One of the most frequent is the business license, which most businesses must obtain before operating.
Bridge/Road Tolls: Many major cities have tollbooths on all the main roads or highways that go into them. This effectively amounts to a tax paid to enter Newton, ensuring that visitors to the city present at least a small contribution to paying for the city services that they will enjoy while there.
How Can a Newton, Massachusetts Tax Attorney Help?
In Newton, Massachusetts, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty difficult. On top of that, there are many different breaks and exemptions that apply to specific types of groups and individuals, further complicating things.
Therefore, it's very important that you seek the advice of a reliable Newton, Massachusetts tax attorney if you have any type of issue involving local taxes.