sekus
Forum Junior
Topics: 10
Posts: 28
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hi all
i really wanted to know how much one would make following an IM residency??
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I once shot an elephant in my pajamas, how he got in my pajamas I'll never know-Groucho Marx
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| bbb
IM Program Coordinator
Topics: 31
Posts: 4,833
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Depends on where you work - big city, little town. Varies greatly from state to state.
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bbb - trying to combine common sense and humour into realistic answers, but not going to guess on anyone's chances of getting into a position....back on September 2
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| cam
Forum Senior
Topics: 24
Posts: 115
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Check out these sites.
http://www.allied-physicians.com/salary-surveys/p...
http://www.physicianssearch.com/physician/salary2...
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| ELM
Forum Guru
Topics: 28
Posts: 936
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Lot's of money. :roll:
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ELM
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| uspinoydoc
Forum Junior
Topics: 1
Posts: 91
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my friend started at $120k/yr. after residency..and that's working for a cheap boss. 
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| sekus
Forum Junior
Topics: 10
Posts: 28
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thank you for your posts
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I once shot an elephant in my pajamas, how he got in my pajamas I'll never know-Groucho Marx
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| faja
Forum Junior
Topics: 14
Posts: 30
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With an annual salary of 120K/yr, how much does one take home more or less after taxes???
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| yelenatx
Forum Senior
Topics: 0
Posts: 148
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just look at the tax tables
http://www.irs.gov/formspubs/article/0,,id=133517...
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| chemamr
Forum Hero
Topics: 703
Posts: 4,463
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interesting data guys?. But i have a doubt what is the TAXABLE INCOME. I havenīt lived in USA ever (Iīm an IMG) so I donīt know. Is that the amount of $ AFTER you spend it in your monthly expenses. For example if you earn $200,000/y and you spend $170,000/y your TAXABLE INCOME is $30,000???.
Iīm sorry but I have no idea what is the TAXABLE INCOME, I just have to know what is it to understand how that tables work. Thank you for your inputs. 
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| yelenatx
Forum Senior
Topics: 0
Posts: 148
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Taxable income is gross income ($200,000) minus deductions
Deductions are calculated as a sum of following:
- money you invested in IRA (if you invested any) - no more than $3000 per year|
- state income tax + general sales tax (total around $3000)
- interest you pay for your home mortgage loan (if you own a home in the USA)
- medical expences (only for expenses over $15.000 per year [7.5% from groos income], if you had any)
- donations to tax-exempt organizations (if you have made any)
- professional expences (only for expenses over $2.000 per year [2% form gross income], if you had any), etc.
If you haven't spent any money for "deduction" purposes, you can use a standart deduction estimated by government, which is about $5000 per person, if you support a spouse +/- children who don't work, you can add their standart deductions together and substract more money from your gross income.
Se lets say, your gross income is $200,000, you deductions are $15,000, your taxable income is $185,000, so you pay close to $50,000 each year as a tax. Welcome to United States.
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| chemamr
Forum Hero
Topics: 703
Posts: 4,463
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Thank you yelenatx !!!
I understood all those charts now. Thank you for that, really.
Thus the key is the DEDUCTIONS, because if you earn more you pay a lot of money of taxes, but if you have a low taxable income you pay just a little.
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Any time something is written against me, I not only share the sentiment but feel I could do the job far better myself.
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