Tax Lawyers in Ithaca
Ithaca, New York 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 Ithaca, New York, there are numerous 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).
In case you were wondering, paying your taxes in Ithaca is mandatory. The law states it. So, if you don't pay your taxes, with extremely few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Ithaca, New York
There are a large number of different sources of tax revenue in Ithaca, New York. They contain, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: The sales tax imposed by Ithaca is on top of the sales tax collected by the government of . Sales taxes are usually fairly small - about 5-7% at the state level, plus a city sales tax that's usually one percent or less.
Licensing Fees: Ithaca issues licenses that are required to legally engage in certain activities. Most often, the purpose of these licenses is to raise revenue in the form of fees, making them comparable to taxes. One of the most common is the business license, which most businesses must obtain before operating.
Bridge/Road Tolls: Many major cities have tollbooths on all the main roads or highways that go into them. This effectively amounts to a tax paid to enter Ithaca, ensuring that visitors to the city present at least a small contribution to paying for the city services that they will enjoy while there.
How Can a Ithaca, New York Tax Attorney Help?
Tax Law in Ithaca, New York 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.
If you have any legal issues with your taxes, you should seek legal advice from a competent and reputable tax attorney in Ithaca, New York.