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 date, the IRS has issued nearly 40 million refunds worth $120 billion, with the average refund worth $2,800. This is slightly more than than last yearâs average refund at the same time. More than 96 percent of refunds have been paid through direct deposit directly into taxpayer accounts. The tax agency still estimates that 9 out of 10 refunds will go out within 21 days from when a return is filed.