3 ms·
> The top 10% line would be at $86K/year. The top 10% in wealth is >$1M - doctors on average do not hit that wealth until 55 (w/o INCREASED tuition costs): htt
by onlyrealcuzzo 2y ago
> The top 10% line would be at $86K/year.
The top 10% in wealth is >$1M - doctors on average do not hit that wealth until 55 (w/o INCREASED tuition costs): https://www.leveragerx.com/blog/average-doctor-net-worth/#:~:text=In%20order%20to%20qualify%20as,million%20net%20worth%20before%2045 https://www.leveragerx.com/blog/average-doctor-net-worth/#:~....
> Let's be more real. Public Health pays the lowest physician salary, averaging at $249K/year. That already puts you in the 2%.
It does not put you in the top 2% if you have a tax rate of ~45% and a post-tax student loan payment of $4k per month.
Until your medical debts are paid off - you're not making much more than a mediocre mid-level SWE can make at an average startup.
And you have to put up with the misery of being a doctor, as well as the misery of medical school.
- FireBeyond 2y ago> It does not put you in the top 2% if you have a tax rate of ~45% The top 2% pays tax, too. They're still in the top 2% of income, by definition. And that tax rate is more like 35%, less if married. After that student loan you're still taking home ~$11K/month. Other professions with higher pay also have student loans, you don't get to say "doctors are different and aren't in the income bracket you think they are because loans".