Their gross pay is way higher then $250,000. Actually $250,000 is the net salary after all expenses, and that's about right for not particularly enterprising doctors (ie. internal medicine, no surgery).
> Actually $250,000 is the net salary after all expenses
It's not. The article says that, but it's flat out wrong - even the source that the article links contradicts this claim.
> For employed physicians, patient-care compensation includes salary, bonus, and profit-sharing contributions. For partners, this includes earnings after taxes and deductible business expenses but before income tax.
The author of the article clearly doesn't know that "deductible business expenses" covers only a tiny fraction of the business expenses that physicians are expected to pay - most are not deductible.
It's not. The article says that, but it's flat out wrong - even the source that the article links contradicts this claim.
> For employed physicians, patient-care compensation includes salary, bonus, and profit-sharing contributions. For partners, this includes earnings after taxes and deductible business expenses but before income tax.
The author of the article clearly doesn't know that "deductible business expenses" covers only a tiny fraction of the business expenses that physicians are expected to pay - most are not deductible.