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SOUTH AFRICA REVENUE SERVICES

New Penis Tax For 2004

The only thing we have 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 a hole.

It has two dependents, but they're nuts.

Effective January 1, 2004 penises will be taxed according to size.

The tax brackets are as follows:

10" - 12"Luxury Tax
8" - 10"Pole Tax
5" - 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?

Sincerely

SARS

 

This is from my friend SG
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