Tax Lawyers in La Feria
Taxes in La Feria, Texas are collected out of necessity. They pay for basic public services, which many of us take for granted.
In La Feria, Texas, taxes are derived from various 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, typically in the context of licensing fees or car registration fees, taxes are set at a flat rate.
Residents of La Feria 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 La Feria, Texas
There are a large number of different sources of tax revenue in La Feria, Texas. They include, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: In La Feria, the sales tax is a tax that's added to the price of goods at the point of sale. Usually, you have to pay a city sales tax on top of whatever sales tax is levied by . Typically, the local sales tax is much smaller than the state tax, which is usually in the area of 5-8%, with the city tax most often being less than one percent.
Licensing Fees: La Feria 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 similar to taxes. One of the most common is the business license, which most businesses must obtain before operating.
Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via major highways or bridges. This amounts to a tax paid for the privilege of entering La Feria if it has such toll roads. Besides being a general source of revenue, these tolls require visitors to the city, who will have many city services available to them while they visit, to pay at least some contribution to these services.
How Can a La Feria, Texas Tax Attorney Help?
Tax Law in La Feria, Texas is sometimes simple. More often than not, however, some wrinkle appears that makes determining one's tax liability more difficult than it probably needs to be. Additionally, many individuals and groups are legally entitled to tax breaks and deductions, which can make figuring out one's tax liability even more difficult.
Therefore, it's extremely important that you obtain the advice of a qualified La Feria, Texas tax attorney if you have any tax law questions.