The only thing that the IRS has not 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, 2000, your penis will be taxed according to size. The brackets are as follows:
10-12" Luxury Tax $30 8-10" Pole Tax $25 5-8" Privilege Tax $15 4-5" Nuisance Tax $3
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 question:
Are there penalties for early withdrawals?
What if one's penis is self-employed?
Do multiple partners count as a corporation?
Is there an additional tax if you are not circumcised?
Are condoms a deductible expense as work clothes?