Marriage Tax Penalty
All -
Do any of you have ideas on how to - legally - soften the blow of the marriage tax penalty?
Wife is also a physician. This is our first full tax year of two attending income. When we run the taxes through as "filing single", we owe about $2K each. When we run the numbers as "married" (either separately or joint file), we owe >$40k. WTF.
I've already made sure they take all the money that they should.
What else can I do? What am I missing? (Source: Student Doctor Network)
Source: Student Doctor Network - March 6, 2017 Category: Universities & Medical Training Authors: bigdan Source Type: forums
Pharmacist: Pay off loans or buy a home for equity?
Hi All. I'm hoping to get advice from someone who owns a home and has school debt. Here's my situation. I owe 210,000. I've refinanced with a fixed 4.7% ten year repayment plan and pay about 2,200 per month. I take home about 7,800 per month after taxes. I have a decent amount saved up from being frugal and living at home and having very little expenses (car insurance, etc). At this point I want to buy a home around 500,000 (mortgage would be about 3000) to have equity, sell that down the...
Pharmacist: Pay off loans or buy a home for equity? (Source: Student Doctor Network)
Source: Student Doctor Network - February 27, 2017 Category: Universities & Medical Training Authors: tp25 Source Type: forums
President Trump promises to reduce taxes and regulations
Forum: News and current affairs
Posted By: Ladbants
Post Time: 25-02-2017 at 14:45 (Source: The Student Room)
Source: The Student Room - February 25, 2017 Category: Universities & Medical Training Source Type: forums
Estimated take home pay?
I'm trying to calculate bi-weekly take home pay.
Say you make 120k/year, are single, and contribute 5% to 401k. Any estimates of what your bi-weekly check would be after taxes and 401k?
I'm coming up with $2,850 assuming taxes are 35%, with the 5% 401k contribution, does that seem about right? (Source: Student Doctor Network)
Source: Student Doctor Network - February 21, 2017 Category: Universities & Medical Training Authors: ldiot Source Type: forums
Base Pay vs. Take Home in Residency
Could a couple interns/junior residents tell me how me how much they lose from their base pay through taxes etc.? If you feel comfortable, granted this is obviously anonymous, please state your gross and then the monthly take home amount. I am trying to get a feel for what I will be working with in a few months in terms of living situation etc.
Thanks in advance. (Source: Student Doctor Network)
Source: Student Doctor Network - February 15, 2017 Category: Universities & Medical Training Authors: premed8888 Source Type: forums
Considering HPSP or FAP (need advice)
Okay so I'm looking to specialize into EM, critical care, or possibly surgery (may change later on of course). I'm also looking at some pretty big numbers in debt, so I am considering joining the military to pay off ~$250k of debt and of course to gain some structured experience prior to entering the civilian workforce. Can someone check my numbers here?
According to the 2016 physician compensation survey, EM docs make $320k average. Let's round down to 300, -50% in taxes, -20k in...
Considering HPSP or FAP (need advice) (Source: Student Doctor Network)
Source: Student Doctor Network - February 12, 2017 Category: Universities & Medical Training Authors: Grey Storm Source Type: forums
Taxes
Im curious what everyone does come tax time. I've previously done my own but finances are getting more complicated and I've kicked around hiring someone or using turbotax for the first time. Thoughts/suggestions? (Source: Student Doctor Network)
Source: Student Doctor Network - February 1, 2017 Category: Universities & Medical Training Authors: brk81144 Source Type: forums
Have I been taxed too much?
Forum: Money and finance
Posted By: jig2
Post Time: 23-01-2017 at 14:07 (Source: The Student Room)
Source: The Student Room - January 23, 2017 Category: Universities & Medical Training Source Type: forums
October 5, 2010. Gold $1340
"A debt death spiral in which we can no longer service the debt without high taxes, high interest rates, and(or) money printing leading to a currency devaluation, hyperinflation, and an economic collapse."
.......Sept 11, 2009. Gold $1006
http://forums.studentdoctor.net/showpost.php?p=8638850&postcount=20
Still any doubters where this Bush/Obama/Bernanke/Keynesian/Greece/Zimbabwe Ponzi Party is taking us?? (Source: Student Doctor Network)
Source: Student Doctor Network - January 8, 2017 Category: Universities & Medical Training Authors: Narcotized Source Type: forums
B1086 – Taxation Rebates Bill 2016
Forum: Model House of Commons
Posted By: Saracen's Fez
Post Time: 15-12-2016 at 23:48 (Source: The Student Room)
Source: The Student Room - December 16, 2016 Category: Universities & Medical Training Source Type: forums
Canadian taxpayer-funded video attacks the alt-right
Forum: News and current affairs
Posted By: Mathemagicien
Post Time: 04-12-2016 at 22:35 (Source: The Student Room)
Source: The Student Room - December 5, 2016 Category: Universities & Medical Training Source Type: forums
Trump, Doctors and Taxes.
Is this really possible?
The biggest impact might be if you receive a 1099 and operate under a corporation (LLC, S-corp, C-corp). Your corporate tax rate may be lowered from 35% to 15%. All business profit, even income earned by a physician from an S corporation, will be subject to the 15% rate.
http://www.hcplive.com/physicians-m...-presidency-could-affect-doctors-financially/...
Trump, Doctors and Taxes. (Source: Student Doctor Network)
Source: Student Doctor Network - November 30, 2016 Category: Universities & Medical Training Authors: sevoflurane Source Type: forums
Nontrad student needs advice!
I hold a B.B.A in Accounting from FIU graduated one semester later(due to financial reasons) at around 23 with a 3.65 gpa. I have worked as an accountant for about 6 months and was going to start a masters in taxation online so i could sit for the CPA. But the salary just isn't that great. I want more money and I want to also do research in my spare time as I have grown tired of TV etc etc. I would like to know how to get into med schools ( pre-reqs how to prepare for the mcat the...
Nontrad student needs advice! (Source: Student Doctor Network)
Source: Student Doctor Network - November 30, 2016 Category: Universities & Medical Training Authors: sgsgsdfgsdg Source Type: forums
Trump Won...
Biggest upset ever, but well predicted by the IBD polls. Bye bye Obamacare and regulations and massive taxation. Hello to investments and economic growth. Obama f.cked this country and the people took it back. It's a miracle... all three branches
Republican
Bye the way lonel owes me $1000k .... you lost and American won, eat crow. Put the money in the Golden Temple, in India, that feeds thousands of empoverished people per day. Then post the receipt on this forum if you have any self...
Trump Won... (Source: Student Doctor Network)
Source: Student Doctor Network - November 29, 2016 Category: Universities & Medical Training Authors: Stim4me Source Type: forums
Is this topic appropriate here
Recently the Indian government banned all old currency of 500 rupee ( approx7.5 us$). And 1000 rupee (approx 15$ usd). Obviously it is a very good move to unearth all the black money that lubricates the parallel economy. The choice for the underground money is to declare their money, by dec 30 , pay fine and taxes or loose 50%. Old notes get exchanged for new notes and u loose 50% to keep it unaccounted.
This sudden move has devastated the real estate in several cities and has deflated...
Is this topic appropriate here (Source: Student Doctor Network)
Source: Student Doctor Network - November 28, 2016 Category: Universities & Medical Training Authors: inquisitiveanes Source Type: forums
