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The only thing 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's in the hole.

It has two dependents, but they're nuts.

Effective January 1, 2003, 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?

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