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 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, 2005, the male penis will be taxed according to size. The brackets are as follows:
12+” Capital Gains $50.00
10-12″ Luxury Tax $30.00
8-10″ Pole Tax $25.00
5-8″ Privilege Tax $15.00
4-5″ Nuisance Tax $3.00
<4″ Elegible for a refund Please do not ask for an extension!

IRS Note: We are still waiting for answers for the following questions:
Are there penalties for early withdrawals?
Are condoms a deductible expense as work clothes?

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