The U.S. federal income tax rate averages 26 percent, and the average American is on the hook for $8,500 a year in federal income tax. But how did taxes originate, and what do we do with our tax refunds?
The U.S. federal income tax rate averages 26 percent, and the average American is on the hook for $8,500 a year in federal income tax. But how did taxes originate, and what do we do with our tax refunds?