Tax Lawyers in Chatham
Chatham, 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 Chatham, New Jersey, 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.
In case you were wondering, paying your taxes in Chatham is mandatory. The law requires it. So, if you don't pay your taxes, with very few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Chatham, New Jersey
Many different things can be taxed in Chatham, 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 example, local governments collect revenue from sales taxes, licensing fees, as bridge tolls, among many other things.
Sales Tax: A sales tax in Chatham is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of also 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: Chatham issues licenses that are required to legally engage in specific activities. Most frequently, the purpose of these licenses is to raise revenue in the form of fees, making them similar to taxes. One of the most typical is the business license, which most businesses must obtain before operating.
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 Chatham, 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 Chatham, New Jersey Tax Attorney Help?
Tax Law in Chatham, New Jersey 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 Chatham, New Jersey.