The tax filing deadline for small private businesses in the United States is today. How much are the penalties for late filing? Phenomenon: The higher the income, the more dissatisfied

> The tax filing deadline for small private companies in the United States is today. How much is the penalty for late tax filing? Phenomenon: dissatisfaction with higher income. Today (15th) is the tax filing deadline. But there is no time to file yet...

Nonetheless, it is better to file taxes as early as possible. Because if you have a tax refund, why not let the IRS refund it as early as possible? And if you owe taxes, the penalties for late filing will quickly accumulate, putting greater financial pressure on you. IRS Director Koskinen said that most taxpayers with tax refunds want to get their refunds earlier, so most of them have filed their returns in January, February, and March.

The penalty for late filing is usually 5% of the tax owed, up to a maximum of 25%. The IRS will levy the tax on a monthly basis, and any missing months will be calculated as a full month. The fine will be effective from the 16th until paid in full.

In addition, the IRS will also impose a monthly penalty of 0.5% for delayed tax payment. This ratio can be said to be relatively small because the IRS wants to encourage taxpayers to file taxes even if they cannot pay off the balance in full.

The IRS estimates that 12 million taxpayers will apply for a six-month extension to file their taxes this year. However, this group of people still must pay at least 90% of the tax owed before the 15th to avoid fines.

The higher the income, the more obvious the dissatisfaction becomes. More than half of the country says the tax burden is too heavy

A poll on taxation released by Sing Tao Global

on the 14th showed that more than half of Americans think the federal tax burden is too heavy, and the dissatisfaction among wealthy people is particularly obvious. But one sign that deserves attention is that the negative sentiment of Chinese people towards paying taxes has significantly eased compared with the past.

Based on reports from the Los Angeles Times and the Fiscal Times, the latest Gallup poll shows that 52% of Americans believe the federal taxes they pay are too high, and another 42% think they are approximately fair. At the same time, people with higher incomes are also more dissatisfied with the tax burden. 61% of respondents with incomes of more than 75,000 yuan believe that federal taxes are too high, compared with 49% of those with incomes of less than 30,000 yuan.

The report pointed out that this year's ratio increased by 6 percentage points from 46% in 2012. The reason was that Congress reached an agreement after experiencing the "fiscal cliff" at the end of that year to cancel the 2% reduction in social security taxes and adopt other tax increase measures. The Tax Policy Center estimates that about 77% of Americans paid more taxes in 2013, with the tax increase being more significant for those with higher incomes. The Tax Policy Center estimates that taxpayers making less than $10,000 a year will see a $68 increase in federal taxes this year, and those making $50,000 to $75,000 will see a $822 increase in federal taxes. If their income exceeds $1 million, their average increase in federal taxes is $170,341.