Tax Lawyers in Durham
Durham, New Hampshire has to gather taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.
In Durham, New Hampshire, taxes can come from various 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.
In case you were wondering, paying your taxes in Durham is mandatory. The law states it. So, if you don't pay your taxes, with extremely few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Durham, New Hampshire
There are a considerable number of different sources of tax revenue in Durham, New Hampshire. They contain, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: The sales tax imposed by Durham 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: In Durham, licenses are required to engage in many different activities, or at least to do so legally. The most prevalent of these are business licenses. While some professions require licenses because the state has an interest in ensuring competence in them (in law and medicine, for instance), many business licenses exist for the primary purpose of gathering revenue, and therefore serve 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 Durham, 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 Durham, New Hampshire Tax Attorney Help?
Tax Law in Durham, New Hampshire is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very complicated. Moreover, there are usually special tax breaks or exemptions that may or may not apply to you.
Thus, it's extremely important that you obtain the advice of a knowledgeable Durham, New Hampshire tax attorney if you have any tax law questions.