New Tax Law

The only thing that the IRS has not yet taxed is the 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. It has two dependents, but they're nuts.

Effective as of January 1, 2000, penises will be taxed according to size.

The brackets are as follows:

10" - 12" Luxury Tax
8" - 10" Pole Tax
5" - 8" Privilege Tax
4" - 5" Nuisance Tax

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

PLEASE DO NOT ASK FOR AN EXTENSION!

Issues still under consideration are as follows:

Are there penalties for early withdrawal?
Do multiple partners count as a corporation?
Are condoms deductible as work clothes?