- Joined
- Feb 6, 2010
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- 154
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is it tax exempt. Since you kinda have to live at your work site?
is it tax exempt. Since you kinda have to live at your work site?
Your resident salary is paid for by the taxpayer. It is taxed.
Just like the President and the 535 bozos who work on Capitol Hill.
Resident salaries are financed out of the Medicare/Medicaid budget.
Socialized medicine? NO SUCH THING.
Your paycheck will be from the hospital, who is just the middle-manHospitals paid them
interesting, I had no clue, I though Hospitals paid them... Do u know why the gov't pays for physician training across the board?
Completely heresay but a resident once told me that a hospital gets 100k/resident via medicare funding. They pay the salary & benefits out of this plus educational costs & they get free labor.
Some residencies provide you with free food in the cafeteria, and you don't have to pay tax on this benefit. Small consolation, I know, but better than nothing.is it tax exempt. Since you kinda have to live at your work site?
Completely heresay but a resident once told me that a hospital gets 100k/resident via medicare funding. They pay the salary & benefits out of this plus educational costs & they get free labor.
The exact number varies somewhat, but 100K is in the ballpark. Some people think institutions make money on their residents, others think they lose money. I'm sure it depends on how the programs are run.
I would be the first to say that resident salaries are rather sad, but if you consider the whole package (salary + malpractice insurance + health insurance + life insurance + disability + other miscellaneous fringe benefits) it doesn't seem so dreadful.
is it tax exempt. Since you kinda have to live at your work site?
I see. My salary when I used to work as an RA in a freshmen dorm was not taxed and the reason given was that I had to live where I worked...I was wondering if anything similar applied to residency.
So residency salaries are financed by medicare regardless of what institution you're at?