How much would we have to pay family doctors to get more to choose that career?

A lot of people don’t know how many extra costs come with being a Doctor. I’ll do a basic breakdown of what $300K income would actually net the individual.

300,000

  • 128,000 in taxes

  • 4,000 in continuing medical education fees

  • 2,000 accreditation

  • 2,400 daily parking at work ($10/day)

  • 25,000 to pay a billing secretary (Doctors generally do not have time to do their own billing, if they did they’d be working 60-70 hours/week)

And there are more costs, those are just estimates of the ones I’m aware of.

= 138,600 net take home

Disclaimer: I am not a doctor and this breakdown is only an estimate and missing tons of details. Actual take home amount is likely lower than this calculation.

/r/halifax Thread