Penis Tax
New tax effective Jan. 1, 2000
The only thing 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’s in the hole.
It has two dependents, but they’re nuts.
Effective 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?