There is a new 5% tax on elective cosmetic surgery in the new Senate health care bill. Unlike most taxes, we think this will not dissuade those seeking the surgery. Also, by the numbers, the Senate thinks this is a $100 billion industry. That is equivalent to Australia's grocery store sales. Put another way, cosmetic surgery spending could fund 16 states of Maine for two years.

[On Fridays, we find the lighter side of tax news.]