Tax Lawyers in Union City
Union City, New Jersey 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 Union City, 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. Usually, 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 Union City 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 Union City, New Jersey
A wide variety of activities are subject to taxation in Union City, New Jersey, creating a large range of revenue sources. For example, cities usually impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: A sales tax in Union City 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. Typically, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: The city of Union City may require business owners to obtain 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 everyone who drives into Union City via public infrastructure. This means that everyone who visits is required to make at least a small contribution to the government services they'll be using while there.
How Can a Union City, New Jersey Tax Attorney Help?
In Union City, 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 complex ways. Also, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
Therefore, it's extremely important that you obtain the advice of a qualified Union City, New Jersey tax attorney if you have any tax law questions.