Case Study

The Old Way

Doctor as a W2 Employee

The SimpliMD Way

Doctor as PC Using the SimpliMD Model

Financial Structure
Gross Pay to Doctor

$421,000

Overhead and Expenses $23,857
Health Care Provided by Employer $30,143
Financial Structure
Gross Pay to Doctor & Spouse

$422,000

Overhead and Expenses $35,857
Health Care Provided by PC $24,000

All Federal, State, Social Security, Medicare, and Local Taxes have been stripped out here.

After Tax(es) Net Paycheck Home Annually

$214,000

Tax Deferred Retirement Plans $35,500
Net Paycheck Home Annually

$150,000

Business Distributions $25,000
Tax Advantaged Income Home $48,000
Tax Deferred Retirement Plans $97,000
Economic Benefit to Doctor Household $249,500
Economic Benefit to Doctor Household $320,000
Net Income Retained
Annually

$70,500

5 Years $352,500
10 Years $705,000

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