"Botax" Expected to Raise $5 Billion Over Next Ten Years

A new Senate bill introduced by Senate Majority Leader Harry Reid, D-Nev now includes a 5 percent tax on elective cosmetic surgery.

Millions of Americans who set their sights on procedures such as Botox, rhinoplasty, tummy tuck, hair transplants and breast augmentation will now be responsible for paying this cosmetic surgery tax, now known as “botax” on every procedure.

According to WebCPA.com, the cosmetic surgery tax will raise $5 billion over the next decade, and the bill will also include an increase in the Medicare payroll tax for couples earning more than $250,000 a year and for individuals earning over $200,000 – an increase of .5 percent.

Nova Cosmetic Center, a cosmetic and aesthetic center in Orlando, claims that the excise tax is actually a discriminatory tax because “this will not have considerable consequences on the wealthiest patients, but, as usual, affects the middle class. Working women, soccer moms and scores of others who carefully save and budget to improve their appearance and self esteem will be penalized for doing so.”

Dr. Angela Cuzalina, a cosmetic surgeon based in Tulsa, Oklahoma and the president-elect of the American Academy of Cosmetic Surgery also points out out that “You’d be surprised how price sensitive people are to this…It’s a tax against women and the baby boomer generation having these procedures.”  (Source: KaiserHealthNews.com)

Many plastic surgeons say that this will be a “devastating” move because many practices are only just beginning to recover from the effects of the recession. Some cosmetic surgeons and industry professionals are urging patients to contact their State Senator and fight for no government interference in medical care.

Procedures that will be affected by the “botax” include aesthetic treatments such as teeth whitening, Botox and dermal filler injections, some skin tightening treatments, face lifts, hair transplants, and all cosmetic surgery procedures.

Further Reading

  • Motivated by his wife and kids, New Jersey Governor Chris Christie, who once called himself “the healthiest fat guy you’ve ever seen”, disclosed Tuesday he secretly underwent Gastric Banding (Lap Band Surgery) on February 16, 2013, performed by Dr. George Fielding, head of NYU Medical Center’s Weight Management Program.

  • Sound Surgical Technologies, the company behind Vaser Liposelection the Vaser ultrasound device, has developed the VaserShape system, a non-surgical device that helps reduce cellulite and inches in certain areas of the body. The VaserShape device is a non-invasive body contouring system powered by ultrasonic laser. The device is designed to disrupt fat cells beneath the skin by delivering ultrasound energy deep into the skin’s tissues.

  • Women who want to squeeze into their favorite pair of high heels but can’t find the perfect fit do have the option of undergoing cosmetic foot surgery. This procedure is designed to sculpt and shape the foot by lengthening or trimming the toes, and may also help to remove painful bunions and other growths that are causing pain around the feet and ankles.