Tax Lawyers in Exeter
Taxes in Exeter, Rhode Island are collected out of necessity. They pay for basic public services, which many of us take for granted.
In Exeter, 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 Exeter 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 Exeter, Rhode Island
There are a massive number of different sources of tax revenue in Exeter, Rhode Island. They include, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: The sales tax imposed by Exeter 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: Exeter issues licenses that are required to legally engage in particular activities. Most commonly, the purpose of these licenses is to raise revenue in the form of fees, making them similar to taxes. One of the most frequent is the business license, which most businesses must obtain before operating.
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 Exeter, 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 Exeter, Rhode Island Tax Attorney Help?
Tax Law in Exeter, Rhode Island is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very difficult. Additionally, there are usually special tax breaks or exemptions that may or may not apply to you.
Therefore, it's necessary that you obtain the counsel of a qualified tax lawyer in Exeter, Rhode Island if you think that you might need help with your local taxes.