You know, don't push the button, don't push the button, don't push the button, and then some socko finish. I was pleasantly surprised by how the book bobs and weaves and is a lot more active and entertaining that just that. MILD SPOILER, so don't tell your four year old.
The late payment penalty applies to any portion of your federal tax that remains unpaid as of the due date, typically the tax filing date. The IRS imposes a failure-to-pay penalty of one half of one percent for each month or part of a month that the tax goes unpaid.
The tax rates at local and state level will vary and its harder to find data for those rates applied to a median or specific income range. For a family of four with earned income of $60,000 you can expect a federal tax bill of $2,573.The deduction and exemptions are $10,700 and $13,600 so your taxable income is $35,700. The federal tax rate for married filing jointly on that is $4,573.otal tax rate for a 'typical' family. I've seen some people overstate their tax bill. People are frequently confused between their top marginal rate and their overall tax burden. If you are in the 25% tax bracket that does NOT mean that 25% of your income goes to the IRS.