Hi everybody
can somebody plz tell me about the basic salary of dentists in USA in diferent states
Thanks
can somebody plz tell me about the basic salary of dentists in USA in diferent states
Thanks
toofache32 said:
LAZYGUY said:
Rezdawg said:Those numbers are so whack. Texas with a median salary of 77,000. I can do better than that by bartending.
Also, 3rd-party "salary" sites get much of their information from public records. These are predominantly salaried dentists employed by some company or chain or government facility. So these sites are sampling from arguably the lowest payscales out there.gator1210 said:Alot of dental salary data is hindered because alot of dentists work like 3.5 days or less and are included in data. Thats why salary sites might be low or what not.
toofache32 said:Also, 3rd-party "salary" sites get much of their information from public records. These are predominantly salaried dentists employed by some company or chain or government facility. So these sites are sampling from arguably the lowest payscales out there.
I'm in Texas and I moonlighted 20 hours a week on the average last year. I made a little over $40G. This was one of those "bottom-of-the-payscale" jobs because I was doing mobile dentistry in nursing homes where I spent roughly half of my time driving (35 cents per mile). And I only got $25 for an extraction and $250 per arch for dentures. This are the same fees my dental school charged. But it still got me $40 Gs on 20 hours a week.
toofache32 said:Also, 3rd-party "salary" sites get much of their information from public records. These are predominantly salaried dentists employed by some company or chain or government facility. So these sites are sampling from arguably the lowest payscales out there.
I'm in Texas and I moonlighted 20 hours a week on the average last year. I made a little over $40G. This was one of those "bottom-of-the-payscale" jobs because I was doing mobile dentistry in nursing homes where I spent roughly half of my time driving (35 cents per mile). And I only got $25 for an extraction and $250 per arch for dentures. This are the same fees my dental school charged. But it still got me $40 Gs on 20 hours a week.
LAZYGUY said:
DrJeff said:Short answer for the "average" dental practitioner is you'll be easily in the top 5% of all wage earners in the U.S. You'll be able to pay back your student loans, afford a house (start off smallish and paydown the loans first), if your smart with your money, you'll accumulate a very nice retirement nest egg, and you'll be able to take care of your family quite comfortably.
Will you be driving a new Ferrari or a Maybach, probably not, will you be able to afford a house like the $38 million dollar one that Tiger Woods just bought, probably not, will you have your private G5 jet waiting to take you at a moments notice anywhere in the world, probably not.
However, will you likely be able to once the loans are paid off drive a very nice German Touring sedan or a Hummer H2 if you so choose, yes! Will you likely be able to afford to live in one of the nicer areas of your community, yes! Will you be able to book a week at Disney for you, your spouse and the kids staying at a very nice hotel and not have to worry about be able to afford the vacation, yes!
In short, if you're working an "average" number of hours, making "average" dentist $$, financially you'll be quite comfortable Although you will start getting stressed/annoyed/shocked when your accountant tells you what you'll pay in taxes each and every year
Ythicus said:Talking to a DDS 2 years out of Med-School, I found out he just started a business and is working part-time at a clinic on the side. The corporation pays him as an independent contractor, meaning no taxes withheld, and he makes $850 a day salary. That should give you an idea of what to look at making.
To break it down:
850 a Day, 5 Days a week, 4 weeks a month = 17,000 Before Taxes.
Witholding your own taxes as a private contracter in the state of Nevada usually requires 30% holdings of your earnings, to be paid quarterly or yearly. Therefore,
17000 * 0.30 = $5,100 held from each paycheck for taxes, which you can either stick in a high-yield account and earn interest on it or pay quarterly.
This leaves you with: $11,900 a month for earnings that you can spend out of pocket.
Ythicus said:Talking to a DDS 2 years out of Med-School, I found out he just started a business and is working part-time at a clinic on the side. The corporation pays him as an independent contractor, meaning no taxes withheld, and he makes $850 a day salary. That should give you an idea of what to look at making.
To break it down:
850 a Day, 5 Days a week, 4 weeks a month = 17,000 Before Taxes.
Witholding your own taxes as a private contracter in the state of Nevada usually requires 30% holdings of your earnings, to be paid quarterly or yearly. Therefore,
17000 * 0.30 = $5,100 held from each paycheck for taxes, which you can either stick in a high-yield account and earn interest on it or pay quarterly.
This leaves you with: $11,900 a month for earnings that you can spend out of pocket.
Do You Endo said:i made roughly 489K after taxes in my first year of operating a high-end endo practice in Malibu....
gator1210 said:YESSSS...he said "probably" not drive a ferrari....So your saying theres a chance. !!!!Sweet