how much does a physician
A physician with billings of about $250,000 would have a net income of about $200,000 and take home $127,100 after taxes. That same physician, incorporated, would have roughly the same take-home but be able to defer taxes on $60,000. What you hear, especially during contract negotiation time, is that physicians have overhead costs ranging from 40-60 per cent, and pay 40 per cent income taxes.