Tax Lawyers in Lexington
Taxes in Lexington, South Carolina are collected out of necessity. They pay for basic public services, which many of us take for granted.
Taxes in Lexington, South Carolina are derived from a wide variety of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always determined by law. A tax can come either in the form of a flat fee, or as a percentage of one's income, the value of a piece of property, or a sale.
Residents of Lexington 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 Lexington, South Carolina
Taxes can come from a wide variety of sources in Lexington, South Carolina, such as sales tax, administrative/licensing fees, and tolls.
Sales Tax: A sales tax in Lexington is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of also imposes a sales tax, which must be paid in addition to the local tax. Normally, local sales taxes are less than one percent, while state sales taxes are in the 5% range.
Licensing Fees: The city of Lexington may require business owners to acquire a license from the local government before they begin operating within city limits. Typically, the main hurdle involved in obtaining one of these licenses is paying a fee to the city government. Although these payments are called "fees" as opposed to "taxes," they operate in the same way, and serve largely the same purpose, as taxes.
Bridge/Road Tolls: Most major cities charge a toll to enter them via major roads or bridges. These fees are meant to pay for the upkeep of general public infrastructure in Lexington, by imposing a tax on visitors to it. In theory, this means that people who visit the city are required to contribute to the upkeep of the infrastructure that they will be using while present there.
How Can a Lexington, South Carolina Tax Attorney Help?
In Lexington, South Carolina, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in confusing ways. Additionally, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
If you have any legal issues with your taxes, you should pursue legal advice from a skilled and reputable tax attorney in Lexington, South Carolina.