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 is is pissed off, and 10% of the time it is in the hole. On top of that, it has 2 dependents and they are both nuts.
Effective January 1st, 2013, your penis will be taxed according to size. The brackets are as follows:
10-12'' Luxury Tax $30.00 8-10'' Privilege Tax $15.00 5-8'' Nuisance Tax $3.00 Males exceeding 12'' must file under Capital Gains. Anyone under 4'' is eligible for a refund. PLEASE DO NOT ASK FOR AN EXTENSION!!
Sincerely, Pecker Checker 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?