Physicians who were married and filing jointly spent $91,681 on federal taxes and $14,211 on state taxes. About 75 percent of physicians reported feeling overtaxed.
A year prior, the average federal tax bill for physicians was $76,117, while the average state bill was $13,108.
The rise in tax cost could be attributed to several factors, including rising physician incomes and the Inflation Reduction Act of 2022, according to the report.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
