NEW TAX EFFECTIVE JAN.1,2000

Penis Tax
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, 2000, penises will be taxed
according to size.

The brackets are as follows:
                        10"-12" Luxury Tax
                         8"-10" Pole Tax
                         6"-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?