If you didn't pay your taxes on time, interest and penalties begin to accrue immediately. If you go long enough or owe enough money, the IRS can garnish your wages, place a lien on your property or even revoke your passport. A tax extension allows you to avoid some penalties for filing a late return, but it doesn't change when payment is due.

From Jeff Bezos to Ken Griffin, billionaires have disagreed with Zohran Mamdani's tax policies. Now the mayor is disagreeing with Bezos' tax theory. Bezos, in an interview, said that he could pay more in taxes,

Mayor Zohran Mamdani found an unlikely supporter today for his push to raise taxes on rich property owners: Jeff Bezos, one of the wealthiest men in the world. “The pied-à-terre tax is a fine thing for New York to do,