What is the approximate salary of a pain med sub specialist ?
The limited info I could find on this is very limited, vague, and from 6-7 years ago.
The limited info I could find on this is very limited, vague, and from 6-7 years ago.
In the snow, uphill both ways.I actually pay to go to work. Walk 20 miles to get there, in socks when i can find them on side of road:
15-27 billion dollars a year. depends on the area.
MGMA DATA: Please just remember this is a tool to use when looking at TOTAL comp for all physicians that responded to the survey. It is not specific to geographic regions or years in practice.
Anesthesia: Pain
25th percentile: 329,768
Median: 432,340
Pain Management: Nonanesthesia
25th percentile: 279,208
Median: 364,230
I assume that you were talking about pain specialists in private practice. What about academic pain doctors?MGMA DATA: Please just remember this is a tool to use when looking at TOTAL comp for all physicians that responded to the survey. It is not specific to geographic regions or years in practice.
Anesthesia: Pain
25th percentile: 329,768
Median: 432,340
Pain Management: Nonanesthesia
25th percentile: 279,208
Median: 364,230
Correct, but my accountant and attorneys believe 250k is too low to claim as my salary...grey zonethe key with an s-corp is to pay yourself what the average doctor makes (ie: 250k) - and then do corporate distributions on the remainder above that - this saves you on medicare/FICA taxes on those distributions since you only have to pay income tax on those distributions - check with your accountant.
My CPA and lawyer think tooCorrect, but my accountant and attorneys believe 250k is too low to claim as my salary...grey zone
if you make a lot of revenue/profit, keep your salary on the higher side.... you still avoid significant Obamacare/Medicare taxation... we need a flat tax and consumption taxation system.My CPA and lawyer think too
Low of a salary will be cracked down on by the IRS.
Correct, but my accountant and attorneys believe 250k is too low to claim as my salary...grey zone
It's kinda unnerving, even my attorneys that set up the salary structure were uncomfortable. Used the mgma data and took the highest median salary.but lig, you quoted stim as saying 250K was too low to claim....
ligament you and I both know if you at pulling in coin, you cannot claim 250k as a salary and the rest in distributions. At least I cannot find an attorney to cover my ass....Just use salaries at the local academic hospital
but lig, you quoted stim as saying 250K was too low to claim....
perhaps outside the scope, but what % do you guys reccomend W2 out of the S corp?
i've heard as low as 33% to 75%
thoughts?
I think your critical point is diversified revenue sources. If you make 20 million like a Florida opthomologist from medical services, the irs is not going to accept a 250k salary... That's why bush's and trumps tax plan attacks those scummbag investment bankers taking a mediocre salary (paying 20% tax rate) while we pay an ordinary income rate of 39%....perfect examples of low salaries are Steve Jobs, Buffett, Zuckerberg, etc....