Tax Lawyers in Boonton

Boonton, New Jersey 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 Boonton, New Jersey, 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 Boonton 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 Boonton, New Jersey

Various different things can be taxed in Boonton, New Jersey. 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 instance, local governments collect revenue from sales taxes, licensing fees, as bridge tolls, among several other things.

Sales Tax: A sales tax in Boonton is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of further imposes a sales tax, which must be paid in addition to the local tax. Normally, local sales taxes are less than one percent, while state sales taxes are in the 5% range.

Licensing Fees: The city of Boonton may require business owners to acquire 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: Most large cities in the U.S. charge fees, or tolls, on automobiles entering the city via public bridges and highways. This money is, more or less, a tax on everybody who drives into Boonton via public infrastructure. This means that everyone who visits is obligated to make at least a small contribution to the government services they'll be using while there.

How Can a Boonton, New Jersey Tax Attorney Help?

In Boonton, New Jersey, 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.

Thus, it's imperative that you obtain the counsel of a qualified tax lawyer in Boonton, New Jersey if you think that you might need help with your local taxes.