annual income

• What is your annual salary working at 8 cents per line? nm - New poll
  • 8 cpl - mtathome
  • Cents pay comparison for VR editing - ShockingMath
    • Doubt you can charge 15 cpl for VR work to the docs - you can't even charge them 12 for straight - work. Where do you get these numbers, can I ask?
      • Oh, yes you can. VR editing 12 cpl - sm - ICMT
        • Here she goes again! nm - Blah blah blah
          • What is your problem?!! You can stay with your head in the sand, or sm - MT
        • Is this a hospital you approached yourself? nm - Where oh where?
          • Don't ask, she won't tell.. nm - She just wants everyone to ask
            • I am not a she, but a HE! nm - Gary
              • Where are you located, HE? East Coast, West Coast? nm - What state?
              • Did you ever work for nationals? nm - nm
              • Are you using Speech EXT or something else? nm - VR editor
              • So give us a clue HE-man!! - Did you cold call hospitals or sumpin?
                • Yes, nm - HE
                  • Thank you HE!! - Got to get up the guts to try that myself
  • What about us lowly folk... - EmptyMT
    • Fantastic!!!! Good for you :-) nm - Mom_of_3
    • At 6 cpl - QA-26
    • At 40 hours a week? Is that gross line or 65 char? - Still too many variables. sm
  • At a 40-hour week (sm) - Pollster
    • Salary - tappity tappity tap
  • $44,000 last year at 7.75 cpl with wonderful bonuses at maybe 30-35 hours a week, BUT - (sm)
    • 44K last year - QA-26
      • That is what I'm trying to do. I've picked up some smaller accounts, dropped the national, an - (sm)
  • Okay, enough with the bickering... - here is my answer
    • Were there some posts deleted here? - Where is the 100k figure coming from? sm
      • 100K was mentioned in post below - here is my answer
        • Oh, okay. Thanks. - nm
  • annual income - MT2
    • If you are talking about ME - Mom_of_3
      • Some MTs would like to know (sm) - Pollster
        • 100K is pretty much out of the question - here is my answer
          • On some of my own accounts, I make MORE than $47/HR...sm - Smart MT
            • Yes, I agree overall it is possible - here is my answer
              • Yes it is possible, depending on how good.... - anon
                • example - anon
              • Right. You would have to be sicko to make $100K a year on 8 cpl. - nm
          • I would say if you have to make $100k at something - for it to be worthwhile, MT is not for you. sm
          • 100K - QA-26
        • I don't mind at all - Mom_of_3
        • Some MTs would like to know - QA-26
      • Want to hold my hand. - QA-26
        • What? - Mom_of_3
          • What? - QA-26
            • QA-26 - Mom_of_3
              • Mom_Of_3 being honest - QA-26
  • this poll could never be "accurate" - Mom_of_3
    • BTW, its MTs. It doesn't need an apostrophe - unless you are showing ownership.
      • We don't correct grammar or punctuation on this board...nm - Old MT
      • I don't think - Mom_of_3
        • LOL. I told you, it's a pet peeve. It was constructive - criticism. Take it or leave it. sm
    • Do you mean they might...sm - Pollster
      • Not really - Mom_of_3
        • Agree with you -too many variables. - Patti
          • But there would be variables at ANY line rate. (nm) - Pollster
            • Yes, that is true - Mom_of_3
  • how many lines per hour/day/week do you do?? NM - Patti
    • RIGHT!!! Someone who works 16 hours and someone who works 60 will have a HUGE difference. NM - Mom_of_3

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did you read this paragraph from the OP?  $135 a week is EXCELLENT PAY for India.....yielding around $8000 annually, so when compared to their average $500 annually - it's 40-fold......here's that paragraph from OP:

 
"Jaggesh may do 1,000 lines a day. At the average pay rate, that would earn her roughly $27 a day, or $135 for a five-day week -- good wages in India, where the average annual income is about $500."

-----------------------

thing about MTs in India are they are all business-degreed, college graduates, and average age is 27.  things about us MTs in USA are we are not *degreed* (most of us), we ARE college educated and/or grads (I would like to think most of us), but our average age is......so I have read......49.....so there is where I see the competition.

It's so unfortunate.....the entire world is youth-oriented......not just here.  We put in our blood, sweat, and TEARS for the better part of 20-40+ years for most of us here in the USA doing this work and professing it and getting it so the BOS even went from 90 pages in the 80s to nearly 600 pages in the 2000s.  THAT WAS DUE TO US - nobody else.

so give yourselves an ATTA-GIRL or ATTA-BOY here....I sure am thankful for all I've learned in this BIZ and continue to learn...so many decades later - so unfair that we are losing all the work to overseas.

Are there any MTs who can afford to go?  Are there any hospitals or MT companies who will pay for their MTs to attend the meeting in Honolulu? 

Do you suppose next year's meeting might be in Bangalore or Bombay?

in-house hospital employee around Carmel Valley?   Hourly range or annual salary.

Thank you so very much for any information!!

I am at #6, but have been an MT for 30+ years. 

I live in New York, have been doing MT for 15 years and during all of that time I have needed to work 50 to 70 hours a week.  I started on working mostly from tapes. When the dictations started coming through the computer and I started using word expanders, income went way up.  But so has my rent - used to be $750, now $1100.  And my son eats a lot more at 14 than he used to! A few years ago I started working for 2 services for extra money... but now I couldn't get by without 2 jobs. The first job used to pay well, but with a combination of a new platform and VR,  plus being transferred to a different account at a lesser line rate, I make thousands less from them than I used to.  I am changing companies.  Would love a 40 hour work week but don't think it's possible.

maybe with 10 children..  I know of one circumstance (in my state, and some others) where a person can make a decent amount of money (sky's not the limit, but 50,000 range is OK) and still get Medicaid. It's a program for working people with disabilities, whose medical expenses are extremely high and would not be covered by regular insurance - including services of home health aide and transportation to medical appointments, equipment, etc etc). I am on this program (which I was not told about by Medicaid workers, had to do my own research). So I am in the curious position of receiving government assistance (Medicaid only, not food stamps or disability payments) and working/paying taxes at the same time.

Likely the OP is not in this category.

I have a friend whose mother passed away in March of this year.  She was an IC and thus earned income right up until the time of her death.  Is her daughter now responsible for filing an income tax return and/or paying taxes on this income?  I know an accountant for her would be handy in this situation, but I thought I might get some opinions here as well.  Thanks!!

I have three 1099's here in front of me  -- one for 24K, one for 13K,  and one for 5K.    My W2 one is for 14 almost 15K.  I did work without 1099 in the amount of 3K.   The reason that my average goes down on the IRS forms is that after all my business deductions -- which includes my health insurance and 401K and Self employed retirement fund, mileage, supplies, etc. it goes down to less than 20K.   Believe me or not, but it is possible and I still have time to go on the boards.  I do not work 60 to 70 hours per week. 

Boy you guys do not know how to read financial statements or know the first thing about running your own business.   That is my taxable income.  I start out about 55K and end up paying taxes on only 20K if that.  I support myself in a very unique lifestyle living on a floating home.  I contribute 15K to a my own retirement fund.  I have NO debt.  And I probably spend no more on gas than if I were working at a hospital but I get to deduct the mileage which is a good deduction.   The only outlay that I have that I would not have if I were working for someone else is supplies -- sticky paper and toner.  I have looked at employee versus IC or business owner and I am so much more ahead financially doing it this way.  A lot more usable income.  And I only work 30 hours per week even with deliveries and pick-ups.   So before you speak, learn how to realize what is net, gross and  taxable income.   

You are so right.  Maybe we need to stick together and ask for hourly wage that is fair to us and to the hospital/clinic/private office, benefits that mean something, and all work our shifts.  If some of us don't keep up then we will get fired!  However, the rest of us will all benefit immensely and be fairly treated.  It seems in the world of transcriptiion that we, the transcriptionists, always get ripped off.  Consider that my husband has a "regular job" and has had yearly cost of living increases, bonuses, etc. forever.  By my estimation, my pay translated into hourly has gone down considerably.  Twenty years ago the hourly offered for our services has never changed one iota and now that we are home not only did it go down (unless we skip lunch and work over) but we have lost all our benefits unless we work for cheap line counts for big nationals.  I am tired of them taking all of my money, are you?  It is just like the health insurance racket.  They have all kinds of "middle men" who get their piece of the action from the people who really do the work.  My husband's share we pay for our benefits has gone up, his company's share has gone up and the offerings have gone down.  Why?  There is no real need for middle men.  All they do is drive the cost of things and the real workers get it in the neck or other body parts I won't mention because I am a lady. Face it, doctor's don't even know we exist any more.  There is no personal factor.  I don't need constant affirmation, but it was nice when the doctors I transcribed for vaguely or not so vaguely knew who I was and respected me and my integrity and realized I made some contribution to their practice by my careful attention to detail.  They also remembered that I too worked there when everyone else got a raise.  I guess I am done now, but this gripes me so much and we all continue to sit here and type and nothing changes.  Somehow others have insinuated themselves into our transcription business and are pocketing all the profits and calling all the shots.  Some days I feel like a rat in a wheel. 

I use an accountant for my taxes and it is well worth the money.  One time I had an issue come up with the IRS and the accountant handled the problem for me.  Also, the taxes are more complicated than if you are an employee somewhere.  Good luck.

I need some ideas.  Besides running out of work, I am on burn out.  Please give me some ideas to make some cash at home w/o going back out into the workplace.  I thought about e-bay but I don't have an ongoing product to sell.

Thanks!

Just get rid of this ball and chain.  Remember, when you "get off the train" at a man's station --- that's where you are stuck.

If that station isn't where you want you AND YOUR KIDS to be, even if you just leave with the clothes on your back - LEAVE. 

You know in your heart if his lifestyle is what you want for your children.  If it isn't, then first get away from him.  Men are the biggest energy vampires in the world.  They will suck the life right out of you.