Is your hubby making that much a year? sm..

Is he telling you to earn that much or is he being funny? Just my situation, but my hubby would never tell me how much money I had to make or whether I should work part time or full time. Life is too short to work 7 days a week or 12+ hours daily for the almighty dollar!

• wondering about pay - me
  • He shouldn't try to think. - n/m
  • Maybe ... - wsd
  • ROFL. Silly man. - nm
  • Doubling my hours would not double my pay - sm
  • 30+ yr exp too, and only about $35,000 FT. - nm
  • I make about $24,000/year, and that's - - with 30+ years' experience. nm
  • Is your hubby making that much a year? sm.. - anon
  • Well, if you doubled your earnings, does it come up to that 60-75K - that your hubs is hoping for? nm
  • 15 years ago I made 75 thousand - MTing
  • There were 2 or 3 other answers here that got deleted - sm -
    • Silly me, you posted t his on the Gab board too - sm -
  • pay - MNMT
    • The above post totally correct - Kate

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IC's risk being considered an employee if they work only for one company. I had a friend with an MTSO that the IRS went after because some of her MT's worked only for her. 

Incorporation was a benefit to me because my business was making money, yet I was paying self-employment taxes on what my business was making. For example, if I have 3 IC's working for me, who bring in $40,000 per year, that is what my BUSINESS is earning, not me and therefore I should not be paying self-employment taxes on my business earnings. So I incorporated, paid myself a small salary for running the business on which I DO pay self-employment tax, and took the rest of the earnings as an S corp. They go right through to my personal taxes but I save the 15% SS tax, which as you can see on 40K, saves me $6 grand per year right there. Also enjoy 401K contributions from my corp, and increased deduction for health insurance.

would not recommend incorporating if making less than 50K per year with a business as there are increased fees and corp taxes too.

Regarding the prior post who said "For insurance, for professional liability insurance, I was told that you have to be incorporated. I don't have a problem with this. If I hired someone to build an addition for me, I would want him/her to have insurance. Why should medical records be any different?"

Medical records are different because the MT carries essentially zero liability. Insurance insures against lawsuits. MT's lawsuits are nearly nonexistent. Many, many, MANY MT's do not carry professional liability insurance. The analogy of a construction company putting on an addition is not equivalent to the MT situation. It would be like asking if your neighbor carries liability insurance against your contractor. Why would your neighbor carry insurance on your contractor if they have no liability? Exactly.

Now it seems, I'm just scraping by, juggling the utility bills and paying whichever one has sent me the 24-hour disconnect notice this month; it's become a grim miserable job compared to what it was.  I'm nearing retirement age, but I doubt retirement is going to be in my future for a very long time.

The single worst thing that ever happened to us was going from the gross line count to the character count, and not adjusting the line rate upward to parity -- not to mention the adjustments that should have been made to accommodate all the extra time spent struggling to make sense of huge increase in ESL dictations that has occurred over the last 15 years, and of course there should have been COLAs as well, which we all know has not happened.

In the 1980s, with the advent of powerful and affordable PCs, free lance transcription became much more common.  So if you were experienced, disciplined and organized, you could be much better off economically by working for yourself -- although there were definitely advantages to working in-hospital.  There were great benefits and the salary was indeed enough to support a small family (albeit very modestly.) 

For a number of years during that time, many of us worked part time in the hospital for benefits, but made our real money at home.

But in my case, the time came when it just made no economic sense to work in-housel, I was better buying off buying private insurance for major medical care, tax-deferred annuities, and self-insuring the little stuff. 

I would just pick up tapes from the hospital every morning, and drop off the work (which I printed out) from the day before.

I usually had 24 hours to transcribe tapes which I did during school hours, when things were peaceful and quiet. 

I transcribed a couple thousand GROSS lines day.  Every single character line counted, so by taking advantage of headers/footers, creative macros, word expansions, etc., I really boosted my productivity far beyond to what I could do in-house on the self-correcting Selectric, Wang or Mag Card, or whatever 10-years behind technology was currently being used, plus all the office distractions and politics, and I definitely did not to have to work 24/7 to earn a good living. (Oh how I loved WP5.1!)

In fact, 2000 gross lines a day, 5 days a week at 10 cents a line (courier 10-pitch font, one-inch margins) was very very do-able for an experienced productive acute-care MT, provided she had good equipment, good reference books, and stayed focused.  It would take about 5-6 hours a day to get that amount of work done.  So figure the math out for yourselves, that's just a tad under $50,000 a year, certainly not a high standard of living in those days but adequate when it meant you could stay home and be actually be a full time parent when your children were home from school, and very comfortable, if you were married with a working spouse, or had rerliable child support, or social security for your children (if you were widowed.)

If you chose to work some weekends and evenings, it was not that all that difficult to hit that $75,000 a year mark, which I did for a couple of years so I was able to pay the tuition at a good boarding school -- and cruelly thwarted my teen-aged son's only ambition in life, which was to become a high school drop-out.

Things have gotten bad, no doubt about that, and the worst part of it is, is that most of the big MTSOs are still charging the hospitals as much as we used to earn, and sometimes even more, but the MT is no longer earning it, and often can't get enough work to meet the line counts required by the MTSOs for benefits (although the cost of those benefits are reflected in the cost charged to the hospital.) 

I don't know what the answer is, as the electronic immigrant is such a huge threat.

It's pretty darn awful, and I feel very very bad for those of you starting out in this field, and I do hope things change for you (and that someday soon I can retire.)

And the point that the person made is that that she was worth $75,000 a year, not necessarily that she was getting it or could get it, and I absolutely agree with her.  This is a hard tough job if it's done right -- it's mentally tiring, it's hard on your back, your hands, your neck (and your behind.)

It requires a lot of time -- it requires focus, you must stay alert, and must give 100% of your attention to what you are doing 100% of the time, it takes education and brains -- and now a word of truth which my 35+ years experience gives me the right to say aloud -- it's not fulfilling, wonderful, lovable and enjoyable, it's often as repetitious and tedious as an assembly line but infinitely more frustrating.

PS: I recall one of my colleagues from those early years of my career, now gone from this earth, telling me that the 1960s were really the "fat" years, that things actually began to decline salary-wise, in real dollars, in the 1970s. 

This is just a small excerpt from the website.  It was easier for me to copy and paste then to try to explain it!! lol.  It varies from state to state.  Go to Google and type  'unemployment benefits yourstate".  It's the UIA-Unemployment Insurance Agency.  It will tell you everything you need to know like when to file, how they determine eligibility, etc.  Or type www.yourstate.gov.  I Hope you never have to use it.  It took maybe 4 weeks or more before my husband got his first check.

to pay him a cool 1 million dollars.  You can check this out at the Medquist website.   I think the CFO makes $350,000 a year, and the head of IT makes $250.000 a year.

P.S.  This does not include the perks, like expense account, car allowance, sign-on bonus, etc. 

I was wondering the same thing?  I'm sorry for your situation, but it seems it was brought about by the choices that your husband made himself.  We all are not perfect and obviously he regrets the mistake in comitting to the service that he made & it will be a hard lesson learned.

But, for the life of me, I'm not sure why you are posting on theis board/ I thought the OP was from your Mom? about her son-in-law, then you, his wife replied to someone's negative comment? As a poster mentioned above, if your an MT, then it's reasonable for you to post here, but I think you would probably find more needed information from some type of military board, or Maybe Google it.

My daughter, like many of the "kids" who are in Iraq now, signed up for the reserves to serve their country but also to get help with their higher education..many never dreaming they'd be called to war.  We had just returned from shopping, finally finding *the* bridal gown, walked through the front door to find my husband and the rest of our kids, along with her fiance (who is in the same unit) practically in tears. Yep, they both got their orders and they both were in the first invasion.

Their unit was military police but their initial jobs were to supply mortuary service! Not anything that either of them nor anyone else in their unit, mostly kids fresh out of high school, could have ever dreamed a year prior that they'd be doing.

I thank God they all returned home safe & sound and were able to have a beautiful wedding before my sil got called back.  He's still over there, my dd is home and just finished serving as an honor guard for 5 different funerals within one week for kids that did not make it back alive and well.  No matter anyones opinion about the war, when you sign into the military, you have to serve.  Like many have posted earlier, there are thousands serving who are in the same shoes as your husband, with a spouse and kids they want to be with.  But rules are rules, if you break them, then you will suffer the consequences.

I do not think it is fair for you to come to this board asking for help, then when peopl post a reply honestly, you get down on them.  Yes, I know this is an emotional time for you, but it's also an extremely emotional time for those who know or have lost loved ones, or like myself, living in a town who have lost so many so fast and the funerals are tying up traffic more than construction is.  They have been beautiful with the roads lined by thousands of strangers who just feel for the families of these kids.  So be thankful, your husband IS home and will be able to come BACK home, after he pays the price for his decision, which is only fair.  He stillhas choices, many of the kids do not.

Sorry, just struck my last nerve.

this great little Holmes I-Touch electric heater probably from Lowe's or Home Depot.  Cost about $20... very light and compact with a blower.  Hmmmm, toasty!

even tho this is a fattening occupation, sitting on my rear all day, so I take several breaks and take 15 minute walks with the hubby and puppies (one of them is getting quite portly) so we can get in an hour of walking that way and I can still type and don't get so stiff. 

Dinner tonight is low-fat lasagne and steamed carrots.  Yum. 

Dieting can be an adventure.  I get recipes and think of ways to cut the fat and calories, make them healthier.