Tax Lawyers in Westfield
Westfield, 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 Westfield, New Jersey, there are various different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts decided 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 Westfield are legally obligated to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in Westfield, New Jersey
A wide number of activities are subject to taxation in Westfield, 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 Westfield 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. Typically, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: In Westfield, licenses are required to engage in many different activities, or at least to do so legally. The most common 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 collecting revenue, and therefore serve the same purpose as taxes.
Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via main highways or bridges. This amounts to a tax paid for the privilege of entering Westfield if it has such toll roads. Besides being a basic source of revenue, these tolls require visitors to the city, who will have many city services available to them while they visit, to pay at least some contribution to these services.
How Can a Westfield, New Jersey Tax Attorney Help?
Tax Law in Westfield, 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 perplexing. Furthermore, there are usually special tax breaks or exemptions that may or may not apply to you.
So, if you have any questions or problems with your taxes in Westfield, New Jersey, it's very important to speak with a qualified Westfield tax law specialist.