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 2 dependents and they are both nuts.

Effective January 1st, 1999, 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?
* Is there an additional tax if you are not circumcised?