Tax Lawyers in Orem
Taxes in Orem, Utah are collected out of necessity. They pay for basic public services, which many of us take for granted.
In Orem, Utah, 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, normally in the context of licensing fees or car registration fees, taxes are set at a flat rate.
Paying your taxes in Orem is not optional. It is required by law. If you don't pay your taxes, you could face stiff fines, and even jail time.
Sources of Tax Dollars in Orem, Utah
Several different things can be taxed in Orem, Utah. This is meant to ensure that there is a wide range of sources of tax revenue, and that the government does not have to rely too heavily on any one revenue stream that could dry up. For example, local governments collect revenue from sales taxes, licensing fees, as bridge tolls, among many other things.
Sales Tax: The sales tax imposed by Orem 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: The government of Orem issues licenses for engaging in a wide variety of different activities. Most frequently, they issue business licenses, which business owners must obtain before operating any type of business in city limit. The most important of this process is usually paying a fee. While these taxes are called "fees," instead of "taxes," they are functionally identical, and serve the same purpose (namely, raising revenue).
Bridge/Road Tolls: Most large cities in the U.S. charge fees, or tolls, on automobiles entering the city via public bridges and highways. This money is, more or less, a tax on everyone who drives into Orem via public infrastructure. This means that everyone who visits is required to make at least a small contribution to the government services they'll be using while there.
How Can a Orem, Utah Tax Attorney Help?
Tax Law in Orem, Utah is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very confusing. Moreover, there are usually special tax breaks or exemptions that may or may not apply to you.
Therefore, it's imperative that you obtain the counsel of a qualified tax lawyer in Orem, Utah if you think that you might need help with your local taxes.