Diminished returns with attending salary?
It's no secret that the more highly reimbursed specialties are generally more competitive. However, even with loans and taxes factored in, a 200 k salary for primary care will provide you with a nice lifestyle. Would you be notably happier making 400 k compared to 200 k? What would you purchase with a 400k salary that a 200 k check wouldn't afford you? (Source: Student Doctor Network)
Source: Student Doctor Network - October 8, 2017 Category: Universities & Medical Training Authors: Poit Source Type: forums
How do all these DOs in primary care make a living?
I'm talking about the DOs with student loans above 300k (most of them) and primary care salaries well under $170k (most of them).
At my school, my total student loans will be $400,000, which by the end of residency, has compounded to $650,000.
This means that, with a $150k salary (realistically), ill owe $60k/year in taxes and 65k in student loans, leaving $25k, which doesn't take into account malpractice insurance (which often exceeds $25k). These numbers aren't adding up. It seems to me...
How do all these DOs in primary care make a living? (Source: Student Doctor Network)
Source: Student Doctor Network - September 2, 2017 Category: Universities & Medical Training Authors: Peach Newport Source Type: forums
Solo VS Group Practice
I've worked group PP before and I have some opportunities to do that again. This is a side gig for me though, and when you're not seeing that many people, it really eats into your income to give up 40-60% of your income. My question is about the administrative side of things.
What would I have to think about if I go solo? Obviously rent, etc, scheduling, billing....I'm mostly curious about billing and paying taxes since the office staff did that for me at the group practices. I imagine I'd...
Solo VS Group Practice (Source: Student Doctor Network)
Source: Student Doctor Network - August 26, 2017 Category: Universities & Medical Training Authors: jmiah717 Source Type: forums
Opportunities in USA for Canadian AP-only pathologist
I am aware through the postings on this forum and through speaking with some of my American counterparts that the job situation in the USA is far less than ideal, but since our government in Canada is about to increase taxes to stratospheric levels I thought I'd ask anyway...
What are the opportunities for an AP-only pathologist in the USA? In Canada most pathologists train in AP-only. From my readings it seems that not having CP is a huge problem for private groups. Can certain fellowships...
Opportunities in USA for Canadian AP-only pathologist (Source: Student Doctor Network)
Source: Student Doctor Network - August 4, 2017 Category: Universities & Medical Training Authors: HeyDalaron Source Type: forums
Mortgage consideration for new attending
For a fresh attending moving to San Diego (~300k in total student debt, no other debt with 3 kids)... does purchasing a home off the gate ( physician loan... etc) make sense? Looking at making around 300k gross for 7 on 7 off and working an extra shifts. Trying to pay the least amount of taxes, max out retirement 401k and such. Read around a bit but still new to all this. Thanks in advance (Source: Student Doctor Network)
Source: Student Doctor Network - August 1, 2017 Category: Universities & Medical Training Authors: DOC209 Source Type: forums
are these taxes normal?
Last check had about 33% taxes on it!? Is this normal?
I have negligible deductions (~20 for healthcare, no other insurances or 401k or anything). (Source: Student Doctor Network)
Source: Student Doctor Network - July 6, 2017 Category: Universities & Medical Training Authors: Charcoales Source Type: forums
Married Interns - IDR and taxes
My wife and I just got married and will begin intern year in a couple of days. We are completing our W4s for the year and want to confirm what we think we know about this process and IDR that we've qualified for.
Because we had $0 income for the last year, we decided to apply for REPAYE before we were legally married and were accepted allowing us to have a $0/mo for the next 12 months. This allows us to have 1/2 of our interest covered for at least the next 12 months. However, since we...
Married Interns - IDR and taxes (Source: Student Doctor Network)
Source: Student Doctor Network - June 27, 2017 Category: Universities & Medical Training Authors: OnlyOneZlatan Source Type: forums
European Student, Summer Internship London UK - Papers to Work? Taxes?
Forum: Career sectors and graduate employment
Posted By: TheBadai
Post Time: 05-06-2017 at 21:56 (Source: The Student Room)
Source: The Student Room - June 6, 2017 Category: Universities & Medical Training Source Type: forums
Taxation by government.
Forum: GCSEs
Posted By: Armaan Jamal
Post Time: 02-06-2017 at 21:35 (Source: The Student Room)
Source: The Student Room - June 3, 2017 Category: Universities & Medical Training Source Type: forums
Establishing Florida residency
I'm nearing the last month or two of residency. I want to establish Florida residency. The plan is to work locums until I can find a position at non-HCA hospital within Miami, FL. Has anyone moved to Florida to establish residency and made it work to avoid paying state income taxes? New York City/New York State income taxes are ridiculously high. I pay 3.6% city tax alone.
I believe I saw that I have to physically be in Florida at least 6 months and 1 day to qualify as a resident. Does...
Establishing Florida residency (Source: Student Doctor Network)
Source: Student Doctor Network - May 28, 2017 Category: Universities & Medical Training Authors: Belleza156 Source Type: forums
Loan repayment and taxes
I'm interviewing for jobs currently with for profit private physician groups and some of them offer a bonus to use for loan repayment in a significant amount. Is there any way that anyone knows of or that has used to be able to apply the amount directly to loans without it being taxed at the high rate that exists for bonuses? As in is there some way to negotiate this into a contract? (Source: Student Doctor Network)
Source: Student Doctor Network - May 23, 2017 Category: Universities & Medical Training Authors: Keona Source Type: forums
Most money made during a single shift?
Just talking about this with friends - I once was paid $150/hr working for a staffing company (1099 - no taxes) for a 12 hour shift = $1800 dollar check.
anyone else? (Source: Student Doctor Network)
Source: Student Doctor Network - May 20, 2017 Category: Universities & Medical Training Authors: Dred Pirate Source Type: forums
1099 vs W2--costs to the employer
Are there costs to the employer for a 1099 over those of a W2?
In my understanding, 1099 salary should be higher than W2 salary due to the employee covering additional taxes. However, a company in my area is offering a higher W2 salary than 1099. Is there some additional cost or inconvenience to the company in doing 1099? Just trying to make sense of it.... (Source: Student Doctor Network)
Source: Student Doctor Network - May 18, 2017 Category: Universities & Medical Training Authors: katmandu Source Type: forums
Youtube TAXES
Forum: Advice on everyday issues
Posted By: Abadullah64
Post Time: 14-05-2017 at 21:32 (Source: The Student Room)
Source: The Student Room - May 15, 2017 Category: Universities & Medical Training Source Type: forums
Legal Residence on AMCAS
I was wondering how I should go about claiming legal residence. I grew up in Michigan and did my undergrad there and then moved to Pennsylvania and lived there for 2 years (currently living there). I filed taxes in PA, so can I claim it to be my legal residence to give me a boost for PA schools?
However, I do not want to lose my advantage on Michigan schools..would they look at where I spent my childhood and consider that as being in-state?
Let me know if this doesn't make sense (Source: Student Doctor Network)
Source: Student Doctor Network - May 1, 2017 Category: Universities & Medical Training Authors: anonymous873 Source Type: forums
