Friday, February 13, 2004
INTRODUCING THE BOTAX....
NYC Panel Mulls Tax on Cosmetic Surgery
A tummy tuck may someday make a cosmetic surgery patient's wallet thinner, too, if a New York City tax panel has its way.
Imposing sales tax on Botox treatments, breast surgery and other cosmetic procedures could bring in $62 million in revenue for the city, according to the Independent Budget Office.
The suggestion was among nearly 70 options included in a report released by the publicly funded, nonpartisan agency on Thursday.
"The business of cosmetic enhancements, including both surgical and nonsurgical procedures, is one of the fastest-growing industries in the United States," the report said, adding that the number of procedures more than quadrupled between 1997 and 2001.
Cosmetic procedures such as collagen injections and laser treatments are not subject to sales tax now because they are considered medical procedures, the agency said.
Have politicians ever met a tax they didn't like?
|
NYC Panel Mulls Tax on Cosmetic Surgery
A tummy tuck may someday make a cosmetic surgery patient's wallet thinner, too, if a New York City tax panel has its way.
Imposing sales tax on Botox treatments, breast surgery and other cosmetic procedures could bring in $62 million in revenue for the city, according to the Independent Budget Office.
The suggestion was among nearly 70 options included in a report released by the publicly funded, nonpartisan agency on Thursday.
"The business of cosmetic enhancements, including both surgical and nonsurgical procedures, is one of the fastest-growing industries in the United States," the report said, adding that the number of procedures more than quadrupled between 1997 and 2001.
Cosmetic procedures such as collagen injections and laser treatments are not subject to sales tax now because they are considered medical procedures, the agency said.
Have politicians ever met a tax they didn't like?
|
