very April 15, millions of Americans file federal income tax returns. President John F. Kennedy called this the “annual price of citizenship.” Following a formula established by the nation’s tax code, Americans calculate their annual tax bills. If too much money has been automatically deducted from their paychecks throughout the year, they get refunds. Otherwise, they pay any amount due. Depending on which state they live in, individuals and businesses may be required to pay additional taxes on their incomes, properties, or the goods
