Tax Lawyers in West New York
West New York, 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 West New York, 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 West New York 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 West New York, New Jersey
A wide variety of activities are subject to taxation in West New York, 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 West New York 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: In West New York, 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: Some larger cities have tolls set up on every major highway that enters the city. Effectively, this amounts to a fee that you have to pay in order to enter West New York, if it imposes such a toll. The idea is that visitors from outside the city enjoy many of the protections provided by the city government while they're there (such as protection by the police), and should pay at least a token sum to contribute to those services.
How Can a West New York, New Jersey Tax Attorney Help?
In West New York, 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.
Therefore, it's extremely important that you obtain the advice of a knowledgeable West New York, New Jersey tax attorney if you have any tax law questions.