Tax Lawyers in New Bern
New Bern, North Carolina has to collect taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.
In New Bern, North Carolina, taxes can come from many different sources. However, they are always collected at a rate that has been set by the law. Taxes sometimes come in the form of flat fees, but most of them are collected as a percentage of some larger amount of money, such as the value of a piece of property, or income.
Residents of New Bern 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 New Bern, North Carolina
Many different things can be taxed in New Bern, North Carolina. This is meant to ensure that there is a wide range of sources of tax revenue, and that the government does not have to rely too heavily on any one revenue stream that could dry up. For example, local governments collect revenue from sales taxes, licensing fees, as bridge tolls, among many other things.
Sales Tax: The sales tax imposed by New Bern is on top of the sales tax collected by the government of . Sales taxes are usually fairly small - about 5-7% at the state level, plus a city sales tax that's usually one percent or less.
Licensing Fees: New Bern 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: Most major cities have tollbooths on all the major roads or highways that go into them. This effectively amounts to a tax paid to enter New Bern, ensuring that visitors to the city make at least a small contribution to paying for the city services that they will enjoy while there.
How Can a New Bern, North Carolina Tax Attorney Help?
In New Bern, North Carolina, 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.
Accordingly, it's very important that you seek the advice of a qualified New Bern, North Carolina tax attorney if you have any type of issue involving local taxes.