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.
On the other hand, if you had deducted those contributions over the years, you would have to include the $10,000 in your income. So, for someone in the 25% tax bracket, he or she would have to come up with $2,500 for the IRS to pay the federal taxes owed on the amount.