Tax Lawyers in Trenton
Trenton, 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 Trenton, New Jersey, there are many different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined by the relevant laws. Typically, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).
Residents of Trenton 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 Trenton, New Jersey
A wide variety of activities are subject to taxation in Trenton, New Jersey, creating a considerable range of revenue sources. For example, cities typically impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: A sales tax in Trenton 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: The city of Trenton 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 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 Trenton, 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 Trenton, New Jersey Tax Attorney Help?
In Trenton, New Jersey, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in confusing ways. Additionally, many groups and individuals are subject to special tax breaks and exemptions, which might or might 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 Trenton, New Jersey.