GriMMjoW
Forum Senior
Topics: 13
Posts: 103
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guys, i ve got a question, might be premature but it s a q nevertheless
about salaries
they say most progs givearound 42 000 right? so our take home should bearound 32000
1.can we buy a car with this salary?
2.and how much do interns/residents pay onaverage for their car a mth anyway?
3.what bout drivers licence?
4.can we convert our home country licence or haveto retake the licence?
and wats this thing about post residency pay. u actually earn 200 000 perannum??? i m sure half goesfortaxes n insurance
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| inkspot
Forum Guru
Topics: 40
Posts: 736
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i think one can easily keep a car (depends on make and model of course). you pay hefty down payment and then easy monthly installments . you will need state license for driving (any state in US). International driving lic is valid for 1 year.
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go away interviews 
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| seven_fingers
Forum Junior
Topics: 6
Posts: 69
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tcha do the words MATCH mean anything
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| sachida
Forum Guru
Topics: 60
Posts: 590
| | 09/22/08 - 04:17 PM
1 of 1 forum leaders found this post helpful
| #4 |
It all depends on which city you are living in.
Major cities are going to be expensive. If you have family and need apt by yourself, you kiss good bye to decent life. It is best anyways to live very near to hospital so that you dont loose time in commute. Traffic can make big difference when you have few hours to sleep.
If you match into program out in suburbs or small town, owning car is must and affordable for most part.
you should take out 30% in taxes and insurance.
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93/91, CS passed, USCE 1 year, PhD (USA), Publications 2, Graduate 1999. Dont need visa
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| truedoc
Forum Elite
Topics: 48
Posts: 204
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I thought that a resident's salary is non taxable since it's only a stipend. So the 42000 is ours to take home . Guess someone else has to clarify
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| sachida
Forum Guru
Topics: 60
Posts: 590
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I wish it was true truedoc...everyone pays the taxes. Even my PhD stiped was taxed
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93/91, CS passed, USCE 1 year, PhD (USA), Publications 2, Graduate 1999. Dont need visa
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| SSCOOL
Forum Senior
Topics: 15
Posts: 189
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Wot truedoc said is partially right, In some programs resident salary is exempted from tax as they r in learning phase,
SOURCE: DIGITALDOC.COM, I'll post that link soon here..
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| sachida
Forum Guru
Topics: 60
Posts: 590
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will like to see the link. could not find digitaldoc.com, must be some other name for website
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93/91, CS passed, USCE 1 year, PhD (USA), Publications 2, Graduate 1999. Dont need visa
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| SSCOOL
Forum Senior
Topics: 15
Posts: 189
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Hi guys here is the link saying residents in some university programs r exempted from tax.
http://findarticles.com/p/articles/mi_m0BJI/is_4_...
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| drnadeemusmani
Forum Senior
Topics: 29
Posts: 145
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article from 2001
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| SSCOOL
Forum Senior
Topics: 15
Posts: 189
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Yes from 2001, but those programs r giving their residents full pay, that's wot we want.
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| hitesh
.
Topics: 64
Posts: 1,074
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sachida wrote:
will like to see the link. could not find digitaldoc.com, must be some other name for website
I think he wanted to say www.usmletomd.com
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12/27
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| sachida
Forum Guru
Topics: 60
Posts: 590
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thanks for that interesting info. Couple years ago, my PhD program sent out clear insturctions to all PhD candidates that their stipend is taxable. May be they lost a case or something, I dont know.
But I still know a student in my lab who does not pay taxes on his stipend. Another MD PhD candidate has father who is tax attorney and to best of my knowledge he does not either.
For me, I pay for now as I am salaried position. But I wish I can get back taxes on my PhD stipend. In fact, the first year, I had no idea and the dept was taking out social security taxes on my stipend. After a year, I learned I did not have to pay that as I was on student visa. I have yet to see refund on the same. Darn social security...
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93/91, CS passed, USCE 1 year, PhD (USA), Publications 2, Graduate 1999. Dont need visa
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| katzung
Forum Guru
Topics: 74
Posts: 624
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Ok if you are on J1 visa, you are exempt from Social security, federal tax and state tax for first 2 years, howevevr after 2 years you start paying everything.
SS and medicare tax is diffrent from federal and state tax and EVERYBODY pays it period.
Even a J1 visa holder will have to pay all those taxes which they didnot pay during first 2 years when they apply for j1 waiver and greencard!!!!.
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