Three-fourths of physicians feel as though they are currently being overtaxed, according to Medscape's 2023 "Physicians and Taxes"report, which surveyed over 1,200 physicians across 29 specialties.
Only about 25 percent believe they are not being overtaxed, compared to the 75 percent who believe they are. Currently, the average physician pays about $83,620 in federal taxes annually, and an additional $12,952 in state taxes.
Last year, in a survey of all Americans across all income levels and political beliefs, about 45 percent believed they pay too much in taxes, while 47 percent believe they pay a fair amount.