Zippia crunched the numbers for the Senate tax plan and examined how it would impact physicians, particularly specialists, and Business Insider reported how the tax plan could affect those physicians based on their income level.
General internists with an average salary of around $201,840 would see an 8.8 percent tax cut under the Senate plan. Their tax rate would drop from $46,585 under the current tax code to $42,488. At the same time, anesthesiologists would see a smaller tax cut of 4.4 percent, lowering taxes from $68,935 to $65,900 on an average salary of $269,600.
According to the report, obstetricians and gynecologists would see a similar tax cut as oral and maxillofacial surgeons — just over 6 percent — to realize around $3,742 lower taxes. The average OB/GYN can expect to pay $53,548 under the Senate tax plan, compared to $47,290 they pay now on an average salary of $234,310.
Pediatricians, who have a lower average annual salary of around $184,240, would see an 11.5 percent tax cut with payment dropping from $41,657 to $36,856 under the new plan.