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 is 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 $30.008-10” Privilege Tax $15.005-8” Nuisance Tax $3.00Males exceeding 12” must file under Capital Gains. Anyone under 4” is eligible for a refund. PLEASE DO NOT ASK FOR AN EXTENSION!! Sincerely,Pecker CheckerIRS ***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?