Federal, state, and local governments all collect taxes in a variety of ways. State revenues are comprised of property taxes, sales tax, and certain taxes on businesses. Additionally, states levy extra taxes on items such as liquor, tobacco products, and gasoline. In New Jersey, for example, gasoline is taxed at 10.5 cents per gallon, cigarettes are taxed at roughly $2.70 per pack, and sales tax is 7 percent. Taxes allow New Jersey and other states to provide essential services and maintain order. Click on a link below to learn more about the Garden State's tax laws.
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Tax issues can't be taken lightly. Professional assistance can help ensure that you avoid costly mistakes or reduce your exposure when things have gone wrong. Contact a local attorney for a free initial case review to discuss how they can help handle your tax concerns.