Working for Uncle Sam

Physician's Money Digest, March31 2004, Volume 11, Issue 6

It's rare for a busy physician to put in an 8-hour workday, but assuming you did, how much of that day would you have to work just to make enough to pay state and federal taxes? According to the Tax Foundation (www.taxfoundation.org), the answer is sobering—nearly 2 1/2 hours a day. Here's a breakdown of the average 8-hour workday in 2003: