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Their gross pay is way higher then $250,000. Actually $250,000 is the net salary after all expenses, and that's about right for not particularly enterprising do
by mljoe 9y ago
Their gross pay is way higher then $250,000. Actually $250,000 is the net salary after all expenses, and that's about right for not particularly enterprising doctors (ie. internal medicine, no surgery).
- chimeracoder 9y ago> Actually $250,000 is the net salary after all expenses It's not. The article says that, but it's flat out wrong - even the source that the article links contradicts this claim. > For employed physicians, patient-care compensation includes salary, bonus, and profit-sharing contributions. For partners, this includes earnings after taxes and deductible business expenses but before income tax. The author of the article clearly doesn't know that "deductible business expenses" covers only a tiny fraction of the business expenses that physicians are expected to pay - most are not deductible.
- mljoe 9y agoWhat business expenses are not deductible?
- SkyPuncher 9y agodeductible != credit A 100k expenses does not translate to 100k of tax savings.