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.
Some $1.4 trillion in individual income taxes are due to the IRS on April 15. But for many Americans, thatâs only the half of it. A new report from the U.S. Congressâs Joint Committee on Taxation shows that looking only at income taxes misses most of what we pay to the federal government each year. The average American pays an income tax rate of 10.1 percent, the Joint Committee shows, although that varies quite a bit depending on income: