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THE NEW TAX LAW
The only thing that the IRS has not yet taxed is the male
penis. This
is due to the fact that 40% of the time it is hanging around
unemployed,
30% of the time it is hard up, 20% of the time it is pissed off
and
10% of the time it is in the hole. On top of that, it has two
dependents
and they are both nuts.

Effective January 1, 2003, your penis will be taxed according
to size.
The brackets are as follows:
10-12" Luxury Tax $30.00
8-10" Pole Tax $25.00
5-8" Privilege Tax $15.00
4-5" Nuisance Tax $3.00

Males exceeding 12" must file under capital gains.
Anyone under 4 inches is eligible for a refund.

PLEASE DO NOT ASK FOR AN EXTENSION!!!!!
Sincerely,
IRS

NOTE: We are still waiting for answers for the following
questions:
* Are there penalties for early withdrawals?
* What if one's penis is self employed?
* Do multiple partners count as a corporation?
* Are condoms a deductible expense as work clothes?
* Is there an additional tax if you are not circumcised?

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