Tax Lawyers in New York
New York, New York has to compile taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.
In New York, New York, taxes are derived from several sources. Regardless of where a particular tax comes from, it is always collected in an amount dictated by law. Most often, taxes are calculated as a percentage of income, sales, or property value. Sometimes, usually in the context of licensing fees or car registration fees, taxes are set at a flat rate.
Residents of 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 New York, New York
There are a massive number of different sources of tax revenue in New York, New York. They include, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: The sales tax imposed by New York is on top of the sales tax collected by the government of . Sales taxes are normally fairly small - about 5-7% at the state level, plus a city sales tax that's normally one percent or less.
Licensing Fees: In New York, licenses are required to engage in many different activities, or at least to do so legally. The most frequent 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 compiling revenue, and therefore serve the same purpose as taxes.
Bridge/Road Tolls: Most major cities have tollbooths on all the major roads or highways that go into them. This effectively amounts to a tax paid to enter New York, ensuring that visitors to the city make at least a small contribution to paying for the city services that they will enjoy while there.
How Can a New York, New York Tax Attorney Help?
In New York, New York, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in difficult ways. Furthermore, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
Accordingly, it's very important that you seek the advice of a reliable New York, New York tax attorney if you have any type of issue involving local taxes.