Tax Lawyers in Cumberland
Taxes in Cumberland, Rhode Island are collected out of necessity. They pay for basic public services, which many of us take for granted.
In Cumberland, Rhode Island, taxes can come from several different sources. However, they are always collected at a rate that has been set by the law. Taxes sometimes come in the form of flat fees, but most of them are collected as a percentage of some larger amount of money, such as the value of a piece of property, or income.
In case you were wondering, paying your taxes in Cumberland is mandatory. The law requires it. So, if you don't pay your taxes, with very few exceptions, you are guilty of a crime, and will be punished accordingly.
Sources of Tax Dollars in Cumberland, Rhode Island
There are a considerable number of different sources of tax revenue in Cumberland, Rhode Island. They include, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: The sales tax imposed by Cumberland is on top of the sales tax collected by the government of . Sales taxes are typically fairly small - about 5-7% at the state level, plus a city sales tax that's typically one percent or less.
Licensing Fees: Cumberland issues licenses that are required to legally engage in specific activities. Most frequently, the purpose of these licenses is to raise revenue in the form of fees, making them similar to taxes. One of the most typical is the business license, which most businesses must obtain before operating.
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 Cumberland, 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 Cumberland, Rhode Island Tax Attorney Help?
In Cumberland, Rhode Island, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty convoluted. On top of that, there are many different breaks and exemptions that apply to specific types of groups and individuals, further complicating things.
Therefore, it's imperative that you obtain the counsel of a qualified tax lawyer in Cumberland, Rhode Island if you think that you might need help with your local taxes.