Why IRS hasn't taxed the only thing it left out - penis!

NEW TAX CODE

The only thing IRS has not yet taxed is the penis.

This is due to the fact that 70% of the time it is hanging around
unemployed, 13% of the time it is pissed off, 12% of the time it
is hard up, and 5% of the time it's in the hole.

It has two dependents, but they're nuts.

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?

Effective May 30, 2015, penises will be taxed according to
size. The brackets are as follows:

10"-12" Luxury Tax

8"-9" Pole Tax

6"-7" Privilege Tax

4"-5" Nuisance Tax

Note: Males exceeding 12" must file under capital gains. Anyone
under 4" is eligible for a refund.

PLEASE DO NOT ASK FOR AN EXTENSION!!!

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