Tax Lawyers in Midland
To pay for general services like police, schools, firefighters, libraries, and hospitals, the government of Midland, Michigan collects taxes.
In Midland, Michigan, taxes are derived from different sources. Regardless of where a specific tax comes from, it is always collected in an amount dictated by law. Most often, taxes are calculated as a percentage of income, sales, or property value. Sometimes, typically in the context of licensing fees or car registration fees, taxes are set at a flat rate.
Residents of Midland 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 Midland, Michigan
There are a large number of different sources of tax revenue in Midland, Michigan. They contain, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: In Midland, 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: The city of Midland may require business owners to obtain 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: 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 Midland, 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 Midland, Michigan Tax Attorney Help?
In Midland, Michigan, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty confusing. 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 qualified Midland, Michigan tax attorney if you have any type of issue involving local taxes.