Salaried doctors don't pay rent for office space, Reno. Nor do they pay out of pocket for filing insurance claims.

Again, your lack of business acumen comes shining through. Do you think the OWNER of the practice is paying the rent and related expenses out of his/her pocket? Is he trading personal income to hire a doctor, just so he can lose money?

As I said above, it's so clear your experience is academic, rather than "real-world".

That is just so ignorant.

So doctors should "be ashamed" for making more than a 12 year old in India making Oriental rugs for a few pennies a day?

Really? How much more, Jay?

Above, you said this:


So, after claiming that doctors don't have expenses, you now claim that they do.

There's hope for you yet.

That's a very weird accusation, given that of everyone in this thread, I'm likely the only who, as a CPA, has done the books of dozens of doctors and medical clinics, and thus seen, first hand, what the income of private practice doctors actually is.

Reno, not only have you lost the argument, you've become lost in the argument

So, now, what, you're actually claiming that not only do salaried physicians not make enough money, but that the highest-earning doctors in the country, who own large medical clinics and hire other physicians, are suffering, too?

I'm likely the only who, as a CPA, has done the books of dozens of doctors and medical clinics, and thus seen, first hand, what the income of private practice doctors actually is.

Can't refute the point, so refute the person?

Jay, you were beaten two pages ago, when you first opined about something of which you have zero knowledge.

Back to studying calories and vitamins, or whatever it is you do.

FAIL

"doing the books", is a small part of starting and running a business.

What the fuck does that have to do with anything?

Jay

Is your memory really so short? And you accuse others of having been lost in the argument?

The context was, starting and running a business, real life experience, vs. academic experience.

Experience running a business has nothing to do with knowing what doctor's salaries and expenses are, which is what the question was. It's some issue you brought up for some random reason. You're deluded if you think that some business owner in a non-medical field would know as much as I do about the expenses of a medical practice

But I AM a business owner in a medical field. And you are not.

Well doctors do have hefty salaries, but did you ever look at the premiums on malpractice insurance, they are also quite ridiculous. With a quick search, the most expensive premium I found was just over 200 000 dollars, with lowest being somewhere around the 20 000.(for an OB/GYN) Even with the lower premiums, that is still a significant chunk of their salaries. How exactly is an average OB/GYN (who on average makes 200k/year?) Overpaid? Or even paid enough?
Look at it this way.
Average salary for OB/GYN : 200,000
US federal tax for 200,000 dollar a year salary: between 33-35% depending on other circumstances (I am using .33 in this calculation.)

Average cost of malpractice insurance in Nevada (with 2002 rates): 142,000

200,000*67%-142,000 = -8000

First its Harkless.

You still fail to answer my question. Why on this earth should I be ashamed of making a good living?

Please answer my question Jay why should I or any successful person feel bad cause we make a good living. It seems like with all the titles and knowledge you have I would think that you should do well. And if you aren't maybe that is the real reason you are angry and stop giving me and every other doctor out there heck because we make over 100,000 dollars.

Good. Do you have an accountant? Would you say that he knows what your income and expenses are?

I do my own. It's easy. CPAs are overpaid.

If you don't need a CPA then your "business" is pretty small.

FAIL

Quickbooks and Turbotax. It's what my former accountant used to use.

It's easy.

Not to play the compassionate doctor card but how is the guys shoulder that started this thread?