She says she pays about 1/3 of her income in total taxes. If she lives in Virginia, for example, $600k/yr is $50k/mo gross and $21.2k/mo in taxes ($28.8k/mo net to her). She must be reducing her taxes with pretax savings and other deductions. Great job!
I was also wondering what the difference in her tax-bill was. How much money do you save on taxes by switching from W2 to 1099? Will she save more as an S-corp?
Congratulations! You deserve this!
Congratulations on your financial success and may it long continue!
If she earns 600k dollars a year before taxes then what is her take home pay after taxes and deductions as an anesthesiologist?
She says she pays about 1/3 of her income in total taxes.
If she lives in Virginia, for example, $600k/yr is $50k/mo gross and $21.2k/mo in taxes ($28.8k/mo net to her). She must be reducing her taxes with pretax savings and other deductions. Great job!
I was also wondering what the difference in her tax-bill was. How much money do you save on taxes by switching from W2 to 1099? Will she save more as an S-corp?
@@arh1234I think you are making this calculation more complicated than it is.
2/3 of 600 is 400..
That's around 33k a month, no?