Kyphosis defined: This drawing depicts the spinal condition of kyphosis. Kyphosis is an abnormal increase in normal kyphotic (posterior) curvature of the thoracic spine which can result in a noticeable round back deformity.
The IRS is responsible for collecting taxes and the administration of the Internal Revenue Code. It has also overseen various benefit programs. The first income tax was assessed in 1862 to raise funds for the American Civil War, with a rate of 3%. Today the IRS collects over $2.4 trillion each tax year. It processes around 234 million tax returns annually.
To put it in context, by February 12, 2016, the IRS had issued 29,155,000 tax refunds totaling $94.001 billion; by February 19, 2016, that number had bumped to 38,550,000 tax refunds totaling $120.574 billion. Itâs important to note that not all refunds issued by those dates were for taxpayers claiming the EITC or the ACTC.