Re:You Can Thank Private Equity for That Enormous Doctor's Bill
by FireBeyond on Wednesday June 12, 2024 @11:47PM
(#40665746)
> It does not put you in the top 2% if you have a tax rate of ~45%
The top 2% pays tax, too. They're still in the top 2% of income, by definition. And that tax rate is more like 35%, less if married.
After that student loan you're still taking home ~$11K/month.
Other professions with higher pay also have student loans, you don't get to say "doctors are different and aren't in the income bracket you think they are because loans".
The top 10% in wealth is >$1M - doctors on average do not hit that wealth until 55 (w/o INCREASED tuition costs): https://www.leveragerx.com/blog/average-doctor-net-worth/#:~....
> Let's be more real. Public Health pays the lowest physician salary, averaging at $249K/year. That already puts you in the 2%.
It does not put you in the top 2% if you have a tax rate of ~45% and a post-tax student loan payment of $4k per month.
Until your medical debts are paid off - you're not making much more than a mediocre mid-level SWE can make at an average startup.
And you have to put up with the misery of being a doctor, as well as the misery of medical school.