How Much Do Doctors Make?
In this video, Dr. Webb talks about a recent medscape survey that interviewed over 20,000 doctors and asked them how much they earn, how many hours a week do they work, how much overhead do they pay, and more!
Medscape Survey here: www.medscape.com/slideshow/20...
Check out these other videos on Money in Medicine:
• Finance and Medicine
Click below to be added to Dr. Webb's email list to be the first to be notified about what he is up to, pre-med and medical school advice, and general tips to be successful
mailchi.mp/bb18279302af/anton...
Dr. Webb's Amazon Shopping List and Personal Recommendations: www.amazon.com/shop/antoniojw...
Looking for a more personalized and 1:1 mentorship with Dr. Webb to help you reach your goals, then look no further!
Become a patreon and receive weekly or monthly phone calls from Dr. Webb, opportunity to have your application or personal statement reviewed, access to exclusive behind the scenes footage with never released pre-med/med/residency videos, personalized and proven to work study plans for the MCAT, USMLE step 1,2,and 3, and the chance to network with a physician in your career of choice plus more!
Become a patreon TODAY! Visit: / overcomingtheodds
Book I Used to Do Well in Medical School
Constanza Physiology: amzn.to/2AYjVL6
Pathoma: amzn.to/2AYAM0a
USMLE Step 1 First Aid: amzn.to/2BkxQrU
BRS Physiology: amzn.to/2kC1FfD
BRS Biochemisry: amzn.to/2Bj5aQ3
BRS Gross Anatomy: amzn.to/2yKHzoo
BRS Cell Biology: amzn.to/2BkHf2s
BRS Pathology: amzn.to/2CJu3on
BRS Microbiology: amzn.to/2yKZTgZ
BRS Pharmacology: amzn.to/2j6B75L
BRS Embryology: amzn.to/2j8WPGq
Items I Used to Work Out & Stay Healthy in Med School
Harbinger Pro Wristwrap Weightlifting Gloves: amzn.to/2AX7K1c
Beats Studio Wireless Over-Ear Headphone (Matte Black) amzn.to/2k4973E
BlenderBottle Classic Loop Top Shaker Bottle: amzn.to/2k5orwM
Under Armour Men's Muscle Tank: amzn.to/2AWWP7H
Under Armour Men's Maverick Tapered Pants: amzn.to/2yKhyW6
Fitbit Charge Heart Rate + Fitness Wristband: amzn.to/2AWB73r
1/2-Inch Extra Thick Exercise Mat with Carrying Strap: amzn.to/2k3TaKy
What I Took To Stay Healthy While in Medical School!
GNC Pro Performance AMP Amplified Whey Protein: amzn.to/2yxwo35
Natural Vitality Organic Life Vitamins Liquid: amzn.to/2yAQBFj
Ninja Professional Blender: amzn.to/2AZhxUk
Fish Oil Concentrate with Omega-3 Fatty Acids: amzn.to/2AY2WIZ
Connect with Dr. Webb at:
linktr.ee/overcomingtheoddsbook
Connect with other pre med students, ask questions, receive advice and tips, connect with me at:
/ soyouwanttobeadoctor
Dr. Webb's new book, Overcoming the Odds (ranked 5 STARS!) is available NOW at: amzn.to/2hV3MtR
MEDICAL DISCLAIMER
The information provided is not intended to be a substitute for professional medical advice, diagnosis or treatment. Never disregard professional medical advice, or delay in seeking it, because of something you have read on this website. Never rely on information on this website in place of seeking professional medical advice.
Пікірлер: 395
Thanks for watching everyone! Hope this video helps!
@mohamedsaid-id6nj
4 жыл бұрын
Antonio J. Webb, M.D. can you make a video of becoming a Pa or switching careers from PA to MD?
@aliabdullah9964
4 жыл бұрын
This videos help , thanks a lot 🙏 . But would it be okay to get new videos about the cases and how to manage them in orthopedic. I believe this may help too either in exams or in practice
@big_guy_tings
4 жыл бұрын
Antonio J. Webb, M.D. thanks for always creating great content. If I may ask a question to you: How do you foresee a single payer health care policy impacting your career?
@mgiii
4 жыл бұрын
Antonio J. Webb, M.D. would you mind making a video about Mohs Surgery?
@nateg7502
4 жыл бұрын
Very insightful, thank you
My friend died on the way to the hospital. He was revived and went flat again. They revived him. The cardiologist went to work on him an hour after getting there. Test etc were performed, first. He of course got immediate attention. He is not over weight and was only thirty nine. I can’t medically explain his condition but it was serious. The main artery to his heart was almost completely shut off. He was in there for almost five hours. This was nine years ago. He is healthy and has since that time created two wonderful children. I don’t know what the surgeon made but.....he earned it and we are so.....so grateful. What a wonderful job he did and saved my best friend.
@antoniowebbmd
4 жыл бұрын
Wow! Thanks for sharing. I’m glad he is better!
Oncologists have saved my moms life twice from leukemia. I've said many times these doctors will never be paid enough for what they do.
@JS-up8oe
4 жыл бұрын
God bless
@ale014pr
3 жыл бұрын
Remember cancer never goes away it just stays in remision
@michaelp3010
3 жыл бұрын
@@JS-up8oe yeah well they never fucking helped my family so they can go fuck themselves
@samk2001
3 жыл бұрын
@@michaelp3010 they tried their best dipshit. They are not gods, wtf do you expect them to do?
@jjiang7488
3 жыл бұрын
@@michaelp3010 doctors are not gods, they try their best but everyone's condition is different. No need for all the hate ffs.
To me it makes more sense for a new doctor to be an employee for a few years and save, then get his own practice.
As a current third year medical student, I really appreciate this video! I feel like the topic of money doesn’t get talked about enough with students. It’s not the reason most people want to become a doctor, but it’s undoubtedly an important topic to cover. So, thank you for this video and the transparency you displayed with it!
@Moodtoodrude
2 жыл бұрын
Hi 4th year!!!
@itzibrahimm2616
Жыл бұрын
@@Moodtoodrude hi first year
Dr Webb why are you sayin 800k without a smile on your face? You can be happy about your future salary, we won’t be mad😂😂
@jonathannoel3534
4 жыл бұрын
you missed that overhead and tax chart
@SK-mr6ov
4 жыл бұрын
Jonathan Noel yea taxes are ridiculous, 50% of his income will go to stupid taxes. It’s not even fair man. Hardworking people are being screwed from there money
@benm6716
4 жыл бұрын
@@SK-mr6ov tell me about it my year to date right now is 120k and i paid 50k in taxes so far
@alezandradavila2581
4 жыл бұрын
Because he has to pay his loans back
@catwesage
3 жыл бұрын
@@alezandradavila2581 800k salary. 100k in loans. Wow that's going to take forever.
To answer your question, in my opinion I don’t think doctors get paid enough for the amount of time and effort they put into their jobs and the education leading up to their jobs (let’s keep in mind that their job is saving lives and making lives better). We have athletes making $100 million + and they score touchdowns and make 3 pointers for a living. Not fair. Doctors and nurses deserve more.
@ianaguilera9658
4 жыл бұрын
They also make their company a lot more money than doctors do
@alejandrosanchez2085
4 жыл бұрын
Athletes are more valuable and doctors are important. Value and important. two different things
@RSRoadTo
4 жыл бұрын
It’s always comical when people overlook the hard work and dedication athletes put into their career
@johnsmith-kd4ck
3 жыл бұрын
I know that is the feel good thing to say but I really dont think so that is a lot of money and many people go to school for that long that do not make that much. We get hate in Investment Banking for making money but doctors make almost as much and get told they are underpaid. This is simply because people are only capable of understanding how those people help there lives because its right in front of there face.
@purumolmander9302
3 жыл бұрын
Well athletes get payed based on how much they generate
Hey Dr. Webb is finally an attending! Congrats!
Super interesting video! Those numbers seem really high in comparison to what doctors earn here in Europe! Thanks for this summary!
Very educational, thank you! - we hadn’t read the newest Medscape article!
Audio sounded very odd on my Beats headphones LOL.. Sounded like you were sitting right behind me talking. Longtime sub, and I just got accepted to an MD program after a career change and then multiple rejections. Your videos really inspire me. Thank you doc!
@KR-nq7tu
4 жыл бұрын
Good luck!
@billrussell4832
4 жыл бұрын
Congratulations! Best of luck
@ferreally
4 жыл бұрын
Congrats!!!
@MariaRuiz-yc8jl
4 жыл бұрын
Congrats 👍
I really wished that Medscape would divide up the salaries by specialty, location, and experience, i.e. entry level
Wow this was such an in-depth video! I definitely think that either primary care physicians should be better paid, or that college/med schools should cost less.
@vmdmckay
4 жыл бұрын
I agree. If you want to retain a high quality individual, you will have to pay them more. If their cost to practice goes up (including medical education), they will simply transfer the cost to the patients and insurance. Thus, cost of medical care skyrockets. This is business 101, that many do not think applies to medicine. We need high quality providers, which will cost us money to retain. But, we also need to consider the cost of the education for these providers and understand that has significant effect on the costs associated with healthcare. Love your channel, watch all the time. Following in your path now: combat medic to physician. Applying next year. And yes, I hold an MBA, in the even anyone wants to contest the business side of medicine. Been on both sides of healthcare now (provider and administration).
Dear Dr.webb if you find the time please a video about medical oncoloy would be fantastic considering how they are doing very well with medscape reports makes me really eager to know more about it. As always thank you for making these videos 🌹
Doctors should be the highest paid people in the world .
Love the integrity of this man!
@antoniowebbmd
4 жыл бұрын
Thanks Nolan!
Nicely done, very diplomatic with your delivery. Of course, this data is based off surveys, and gets published in a format that can be released publicly. That’s the biggest reason why I have in the the past and will continue to decline responding to such surveys - why would I want the possibility of drawing negative attention?
Your look when you said neurosurgeons says it all Dr. Webb 😂
It’s interesting that public health & preventive medicine was number 1 in specialties that felt fairly compensated. Some surveys have also put them as the least to get burnt out.
These reports should really include pay per hour worked. Some specialties make way more than others, but also work a lot more during residency and post-residency life.
@modelbashir2365
Жыл бұрын
I agree if your working 80hours making 500k its really the same as someone making 250 working 40 hours.
Your Doctors deserve every dollar they earn imo.
We’ve had the same pc doctor for. a number of years and he’s mentioned he gets so frustrated with the amount of paperwork required for Medicare. I think a lot of that should be eliminated, and that would keep costs down. He’s a very good doctor and we try to thank him. each time we see him, as I’ve heard that sometimes they get very depressed and even suicidal. Love your videos and I’m impressed with all of the “grit” and determination you have.
great video doc!
@antoniowebbmd
4 жыл бұрын
Thanks!
That was great insight that I didn’t know before. I’m also curious how the breakdown of pay works for after you graduate med school and are an intern, resident, fellow, etc. Are the figures you were talking about just for after you finish all the training and are fully set up in your job? If so, I would love to know the breakdown of compensation leading up to it including paid time off, benefits, and salary. Love your videos!
Great video!
@antoniowebbmd
4 жыл бұрын
Thanks!
I think Doc might need a lesson in taxes and owning a business. You're not taxed on revenue when you own a business. You're taxed on profit. All of you overhead is that you pay is basically a write-off and you'd only be taxed on the 500k profit. You'd be left with roughly 300k after all federal, state, and local taxes are paid, not 130k.
Great Video.
@antoniowebbmd
4 жыл бұрын
Thanks!
People never want to talk about money, but it’s always important no matter what you do. It’s a serious financial debt to become a doctor, and it’s certainly not easy to even get there. Imo doctors deserve everything they make and more
With the difference between male and female salary - is there any credence to the idea that women tend to gravitate towards specialties that pay less? Or was that figure based on male vs. female in the same specialty?
Thanks fir this insightful video~! I never thought of private vs non-private and what will be the pros and cons of it.
if we're including per hour worked, I think Radiology, EM, and Derm probably make the most.
Do pediatricians only make 100-150K? I feel like that’s too low...
@doctorbobby4543
4 жыл бұрын
It IS low. CRNAs makes more. It's pretty sad.
@princess287love
4 жыл бұрын
Doctor Bobby the pediatricians here where I live make at least 150
@doctorbobby4543
4 жыл бұрын
@@princess287love and that is honestly still low.
@princess287love
4 жыл бұрын
Doctor Bobby I agree
@abciximabzz
4 жыл бұрын
The reason for that is: specialties that perform procedures earn for because billing is done per procedure. So surgeons, interventional radiologists, cardiologists make the most money and paediatricians and geriatric medicine specialists make the least. Surgeons can earn tens of thousands of dollars on a one hour procedure whereas a pediatric consultation can easily be a whole hour and it would’ve only earned them a few hundred dollars.
Good video. Can your next video be about Bs/Md programmes
Compensation is always a great topic I like covering as well. Medscape puts my specialty ophthalmology at 366k . Ophtho has a huge range. Low starting salary but a very high ceiling. Lots of cash based work too. We are sort of secretive about our pay for bureaucratic reasons. Because most of our practice is outpatient the base salary is not necessarily our take home. Contracts are based off production and partnerships. Also depends on subspecialty . Retina surgeons average 6 to 7 hundred thousand. Thus, there are definitely many making in the 7 figures Ie. High volume cataract surgeons and lasik surgeons. But like Dr. Webb mentions there are so many factors that can boost your salary. Private practice will make much more than academics. Partnership will always be more than employed.
@shapeshiftertimetraveller8147
4 жыл бұрын
Hey doc can you plz elaborate more on opthalmology compensation this doc made it sound way tooo depressing 1million 130 k carrying home doenst sound right and can be discorusging plz explain with more sincerity
@MrThelegendary754
4 жыл бұрын
Opthalmology is the best specialty in medicine in my opinion and i hope after i finish my medical school to enter residency in opth pray for me🙏🙏.... subbed btw would like to c more videos from you
@shapeshiftertimetraveller8147
4 жыл бұрын
@@MrThelegendary754 yes you can avoid toxic environamnest such as the hospital you cna be a partner and own your own practice best specialty for men and a peace of mind
Would you be able to interview a certified register nurse first assistant(CRNFA)? From my understanding they are considered the P.A's but in the nursing side. Its an alternate option for those who don't want the debt of P.A school but still want to work with surgeon and do procedures.
Thanks for the videos dr
@antoniowebbmd
4 жыл бұрын
No prob. Thanks for watching!
I am wondering, what about trauma surgeons? Well actually will be moving towards critical care surgeon. Where do you see that fitting in on the list? If I may be so bold in asking. Would think some type of compensation would be present considering it is falling out of favor rather quickly. Hopefully legal coverage at least? Anyway, your thoughts? Thank you
Thank you doc
Sir if any student studying in residency program in usa so they have medical benefits or not like if he want to do his surgery like limb lengthening so who will pay for this sir pls tell me
What ever they earn ....... they certainly charge enough ! Your very well spoken !
In the video it's stated that if the doctor makes 1 million in revenue at their private practice, with 500k overhead, they will have to pay 370k in taxes and will be left with 130k. This is false. The 500k overhead would be considered part of business expenses and not take home revenue. As such, instead of the 1 million being taxed, only the 500k profit would be taxed. The doctor would probably be then left with about half of that (250k) as their post-tax income.
@josphellihsilak4588
3 жыл бұрын
I was looking for this before i commented the same. Im shocked Dr.Webb didn't spot that.
@LilJbm1
3 жыл бұрын
What about business/corporate taxes? I'd assume you'd get "double-taxed" if you will before the business profit gets dispersed in payroll, then that gets taxed on the physician's W2. Could be wrong, our tax code is retarded and I haven't started a business yet, just been researching.
Doctors shouldn’t have to pay taxes. They save lives for God sakes❗️
@Locopueblo
3 жыл бұрын
then the military shouldn't either. and the fire department. and law enforcement. teachers save lives. parents save lives religiously. TAXES ARE NOT A PUNISHMENT. THEY'RE NECESSARY FOR OUR WAY OF LIFE.
@Sweet_Love_-lu6lb
3 жыл бұрын
@@Locopueblo My comment is not up for debate. 😘
@mugiwara9507
3 жыл бұрын
@@Sweet_Love_-lu6lb stfu he put u in ur place
@Sweet_Love_-lu6lb
3 жыл бұрын
@@mugiwara9507 😂😂😂😂😂😂
@muzzammilhoosain4747
3 жыл бұрын
Fuck you dumbass
I recently graduated from biomedical science and will be attending my graduate entry program next year in medicine (Australian student, by the way). My key areas of interest are zoonotic diseases, microbiology, and otorhinolaryngology - if I was pressed for a specialized field. Could you tell me why ENT specialists are paid so highly? I have reviewed aggregate data and it seems to indicate that they are paid more than cardiologists and oncologists. Why is this so?
Well that is something that's not shared. If you are an orthopedic spine surgeon how much are you charging for surgery? I know it's dependent on the case obviously and insurance, but do you learn that during residency the business aspect of owning your own practice?
Hi. Love your videos. At 8:30 you seem to say that taxes are calculated on gross revenues but shouldn’t the taxes be calculated on profits after your overhead has been deducted. Seems the $130k take home on $1m revenues is not right. Am I missing something ? Thanks again. You are an inspiration to so many.
Don't really know where to post a request so I'll just do it here 😅 Can you please do a video on instability? Be it craniocervical or lumbar instability :) thank you so much
Leave the tables up on the screen instead of flicking back and forth.
What age did you start medical school and what age did you start residency????
Can a international student get a scholarship from a us medical school if he/she does his pre medicine from USA?
if i want to challenge general surgery residency and fellowship at age 42, is it too late or commonly seen case?
Any advice on what resources to use to learn about the business of medicine (private practice, etc)? Do you think it would be worth it for med students to invest time into this?
@chrisfiechter1233
4 жыл бұрын
Check out White Coat Investor
Great video and analysis, but didn't this come out over a year ago? Interesting watch nevertheless
I would imagine private practice doctors (owners) have the potential to make the most, as well as the potential to make the lease bc it’s just like running any other business
Hey there....the figures which you talked about in this video initially that this speciality makes this amount of money....was that after removing taxes and overhead or we need to remove like 90% of that amount just for the overhead and taxes? Can you please tell that how much amount we get in our hand to spend on our dreams and life out of that amount?....you told it varies but I just wanted to know an approx range for each speciality
@jaybhatt9976
4 жыл бұрын
Reply please
Thank you Dr. Webb for your insights. I am not an expert on this, but I believe some if not most of the overhead expenses could be written off taxes. And some other stuff like a personal car could also potentially be written off taxes. So honestly I feel you got that part somewhat skewed. As I see it a solo self employed physician realistically could end up having more than 250k, possibly much more. Even if not, the major expenses associated with the profession had already taken care of so it is like saying 100-250K to the pocket. And for some reason Dr. Webb rounded 48% of a million to half a million, it is 20K deviation. Which also end up in the pocket at some extent. I am by no means suggesting that Docs getting overpaid. I am saying that most of them live comfortably, and with the right "life hacks" they can improve their lifestyle and economics. Would really appreciate videos and maybe some sharing of experience that made Docs from having 130K to >250K.
Just a question I would like your opinion on: veterinarians have the same amount of student debt yet get paid significantly less; vet specialists get less than PCP’s! Thoughts?
@LilJbm1
3 жыл бұрын
I guess that's why very few people are vets and you have maybe 1 vet school for every 5 med schools (pulled stat out of butt but the ratio is imbalanced)? They don't do as important a job though as human society see's it. I mean, humans care about humans, obviously. I wouldn't say vets should get paid more, but get indebted less (as in not have to take out so much debt).
What about interventional radiology is there data for that specialty?
@joshmcgoo
4 жыл бұрын
they make similar to some surgical specialties 300's, usually
I'm a final year med student and I'm planning to specialise in Opthalmology or Dermatology. But these fields are very competitive and my GPA is just average... Planning to take usmle 1 - 2CK. Please pray for me!
@Shri-ud9jm
3 жыл бұрын
All the best!
How are taxes calculated for a Doctor I don't get that part
Hello Dr. Webb! I also want to be a orthopaedic surgeon! You are my Idol ( just wanted you too know)!
@antoniowebbmd
3 жыл бұрын
You can do it! 👍🏾👍🏾👍🏾
@electput
3 жыл бұрын
@@antoniowebbmd OMG OMG OMG MY IDOL REPLIED OMG OH MY GOD OH MY GOD!!!!!!!!!
@electput
3 жыл бұрын
@@antoniowebbmd THANK YOU SOOO MUCH!!!
How does malpractice insurance play into this
Is overhead per physician or for the group in total?
Considering no debt how much % is saved per year avj. ?
Dr. Webb do you see any change in medical education in the post-Covid era ?
Wow. Orthopedists make on average around 200,000 here. And top earning doctors in Germany are radiologists at around 300,000 a year. Quite a difference to the U.S.
@ADK117
3 жыл бұрын
doctors in the us tend to work longer hours, and medical school costs are extremely high. Also it takes longer to become a physician here because of the mandatory bachelor's degree which also costs an exorbitant amount. So the higher salaries are justified imo
Any notes on DO vs MD in the survey? I am a 3rd yr osteopathic med student pursuing FM/IM. Curious about MD vs DO PCP compensation
@landonp.4073
4 жыл бұрын
I believe DO would be more if you use OMT
Is that 30-60k per physician? Or would the physicians pool the money together?
Is all of that after taxes and deductions?
Just a quick correction, In self employment taxes you only pay taxes on the profit you make, not the overhead. This is how some companies manage to pay little to no taxes, it’s because they say they have more overhead than they actually have.
Still not sure if I want to become a doctor.
All the numbers are way lower because they include physicians that work part time or less . I knew 3-4 pediatrician back in Med school that only worked three days a week . Then the academic physicians make a lot less etc.
@urbananimal55
3 жыл бұрын
Same in my industry. I'm a hairdresser, the data collected on our earnings is heavily skewed by people who work part time and in high volume shops like supercuts. A hairdresser working full time at a real salon in a middle class area can easily make twice what the surveys say, and much much more in expensive areas.
There is one thing you didn't included in a doctor's overhead/expense.. malpractice insurance. While inhave no first hand knowledge, I am sure its not cheap but a necessary thing and most people never think about the Drs having to pay for that. Plus with all the new rules /polices due to this virus, I know some doctors and seeing less patients because they are making more time between appointment slots thus limiting number of people in waiting room at same time so I'm sure that cuts into their revenue but the same overhead is still there
@mr.gloomy9475
4 жыл бұрын
he included that. did you watch the video?
How much canadian doctors make after overhead? Nice video.
Does anyone knows anything about germany salaries? Are the taxes there high? Do they have the overhead thing as well?
@MrErupted
4 жыл бұрын
Doctors in germany earn 3500 to 4000 euro per month after cutting the taxes and that's for resident doctors but it differs from hospital to another some hospitals do give a bit higher than that and some may give lower than 3500 ,specialists and consultants earn at least 7500 euro per month
@maxos-4135
4 жыл бұрын
@@MrErupted what about the taxes and do they have the overhead thing?
@MrErupted
4 жыл бұрын
@@maxos-4135 as far as I know it is not that expensive to live in Germany you can say it's moderate ,and unfortunately I don't know anything about taxes overthere
Why aerospace medicine salary so low?
What I know for sure is that YOU should get paid more.
Your income taxes are taken after overhead not before. So 370k in taxes and 130 left for you is not really accurate. Just wanted to point that out. Great vid either way :D
Shouldn't taxable income be revenue minus overhead? It doesn't seem right to me that you get taxed for a business expenditure.
If you hire a accountant to do your bidding would itnbe easier like what the hell 1 mill revenue 130000 doenst sound right
Does insurance go under regulation?
What about colorectal surgery?
You lost me at paying 370k in taxes on 500k of profit. This is not how taxes work. You would pay 37 (or whatever percent) on your profit not on your gross revenue (then of course there is how you pay yourself whether you draw a salary or not and various applicable laws, types of corporations etc.). I hate how well to do people always grossly misrepresent how much they pay in taxes. I'm all for reasonable taxes and regulations but this trend makes me a lot less sensitive to their plight.
Where's cardiovascular/thoracic surgery doc? We used to be the highest until cardiology fucked it up for us
The overhead would be a tax deductible business expense correct? Would you not just be responsible for taxes on the 500,000?
@UzayrSiddiqui
4 жыл бұрын
Yes, you are correct.
This is a very informative and enlightening video Dr. Webb! May you be showered with blessings and peace. I hope you are doing well. I have two questions. Do you think tattoos will affect the view of the doctors in major black community hospitals and communities? My second question is, are HBCU medical schools softer on having tattoos as a medical student?
@antoniowebbmd
4 жыл бұрын
Good question. I answer it in this video here kzread.info/dash/bejne/q2WBrK2smcbQYso.html and no I don’t think they will be softer bc of tattoos.
whatever you wonderful, selfless, brilliant human beings make, it's not enough. same goes for nurses
How come they never include neurosurgery? Most surveys don’t include them that I’ve seen
@krane15
4 жыл бұрын
Good old boys club?
@josephsaldino2538
4 жыл бұрын
Marius G. It is a very small community. Prob not enough data if you only have like 6 respondents. There are only about 3000-4000 neurosurgeons in the USA serving 311 million people which is kinda crazy to think about
Hi Dr. Webb, I think there's an error in your math at 8:33 ! If your revenue is $1M, you would subtract the company expenses of 500k. Your taxable income falls at 500k, so you will be charged accordingly for that tax bracket.
@EssenceyMatthew
4 жыл бұрын
Correct - all those overhead costs will be pre-tax deductions.
It all comes down to Location Location Location, some private health doctors that get to work with high profile clients are a nice cushy life.
Your figures are wrong at 8:26. You don't pay taxes off the $1 million. You get to deduct the $500k in overhead from your $1 million in revenue. So you only have $500k in profit, which is what you pay your taxes on. Which depending on the state, you'd probably take home around $300k.
Looking into pediatric neurosurgery. Bummed they didn’t participate !
@sabrinasmith5088
2 жыл бұрын
The only peds neurosurgeon I know makes like, a million a year lol
Anyone making 6 figures in this country cannot complain. If you live outside your means, that's a choice at any income level above the national poverty level. You may owe 250k after school, and if you make 200k after residency, you can live comfortably on 100k and pay off the loans with the rest. It's not hard, nor a struggle. Just saying.
@Sam-oc2zw
4 жыл бұрын
You are forgetting tax and other costs like medical insurance. You also seem to be forgetting the stupid hours that doctors have to work. So yes they can complain. Until you are in their shoes you don't get to tell them they can't complain
@brandonbornet5421
2 жыл бұрын
lol, obviously they can complain, 100k is very very low for everyone, not just doctors
700K a year? this is amazing/unbelievable. in my country, Argentina, a Senior Doctor, if he only works in one hospital 40h/week he get 13K a year. truely sad
@lovelife7740
3 жыл бұрын
WTF?
@markusmeijer9942
3 жыл бұрын
Yeah... WTF?
@santiagocabiati
3 жыл бұрын
sadly our money came from 2001 value 1ARS=1USD. now at 2020 its 135ARS=1USD.... Doctors are paid the same than teachers. workers, and any kind of profession...It's really sad to live and work in a place like this... ohh I almost forgot.. if you are a professional you may be earning more than the common standards.so if you gain more than the common they take 35% of your salary, plus 21% of the value of each product is a TAX. and if you're Senior and you gain more money they take you 50%. welcome to Argentina brother ......
DR WEBB WASSUP DOC
my mom says im special
@orinzaman7634
3 жыл бұрын
u are.
@browncookies8048
3 жыл бұрын
Your mom is right. We are all special in our own ways
@tiggerperez8524
3 жыл бұрын
You aren’t kid. No one is🤗🤗🤗
@orinzaman7634
3 жыл бұрын
@@tiggerperez8524 everyone is special in their on way, let's not spread negativity :)
@tiggerperez8524
3 жыл бұрын
@@orinzaman7634 im only telling him the truth 😓
It's amazing money but you start earning it possibly later in life and I've seen so many burnt out doctors
@LilJbm1
3 жыл бұрын
Yeah very easy to get burnt out when you don't see the fruits of your intense labor for so long.
bruh it's not because of inequality that women make less... women work less hours generally speaking and men tend to work in more high-paying specialities...
I'm pretty sure you only pay taxes on your net profits as a business owner. If $500k goes towards overhead, that should be considered a business expense
Shout out to my fellow Nephrologists out there!
Neurosurgery doesn’t like sharing their salary stuff very much. They do their own survey every year called NERVES and it costs about $2,500 to view the survey, haha