Cosmetic Surgery Tax

Dr Rassman,

What’s your opinion on “Bo-Tax” — the proposed 10% tax on cosmetic surgeries that Congress is talking about?

TaxProf – Congress Considers “Botax” — 10% Tax on Plastic Surgery to Fund Health Care Reform

Thanks!

As a surgeon doing hair transplantation this would certainly impact the costs of such procedures to the patient. Taxes on cosmetic surgery are already in effect in Hawaii (4% last time I checked) and in New York (6% I believe). The U.S. government can’t seem to balance their budget and they are going to get everyone, every time they pass “go”. So I guess you could say that I’m not a fan of it.