Tax Lawyers in Somerset
To pay for basic services like police, schools, firefighters, libraries, and hospitals, the government of Somerset, Massachusetts collects taxes.
In Somerset, Massachusetts, there are many different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined by the relevant laws. Typically, 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 Somerset are legally required to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in Somerset, Massachusetts
A wide variety of activities are subject to taxation in Somerset, Massachusetts, creating a considerable range of revenue sources. For example, cities typically impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: The sales tax imposed by Somerset is on top of the sales tax collected by the government of . Sales taxes are typically fairly small - about 5-7% at the state level, plus a city sales tax that's typically one percent or less.
Licensing Fees: The government of Somerset issues licenses for engaging in a wide variety of different activities. Most frequently, 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 general public infrastructure in Somerset, 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 Somerset, Massachusetts Tax Attorney Help?
Tax Law in Somerset, Massachusetts is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very confusing. Moreover, there are usually special tax breaks or exemptions that may or may not apply to you.
If you have any legal issues with your taxes, you should pursue legal advice from a skilled and reputable tax attorney in Somerset, Massachusetts.