What type of professions earned over $250k a year?

[Island_Lauri]

I am curious as to how many CEOs of major corporations spend their time around the DISboards. I have noted a number of posting where people have stated that they earn over $250k a year. What line of work are people in that is earning them over $250k adjusted gross income and how do they have so much time to post on this board?

"Obama says he would hike several taxes on people making more than $250,000, including the amount they pay on capital gains. Currently, the top income tax rate is 35 percent. Under Obama, that would go back up to 39 percent. Obama's staff told the Urban-Brookings Tax Policy Center he would raise the rates for people in the top two brackets -- about 2.5 million filers out of 100 million-plus. People in those high tax brackets would see the tax rate on their capital gains hiked from the current 15 percent to 20-28 percent."

http://www.suntimes.com/news/politics/obama/1031268,CST-NWS-tax30.article

Are you one of the 2.5 million filers that would be affected and what do you do to earn your income?

 

[Amirah95]

@ the end of your question - ..."how do you spend so much time around the Dis?".

I'm curious to know too. Maybe two people in their homes earn over $250k together? That may be one explanation. As for the others, I'm with Island Girl...what do you do to make over $250k per year?

 

[gina2000]

lawyers, stock brokers, Wall Street traders/sales people, CEOs, corporate accountants, VPs, doctors, stock analysts, investment advisors, people who own their own companies.....

There are tons of people who earn over 250k/yr.

 

[Poohbear123]

lawyers, stock brokers, Wall Street traders/sales people, CEOs, corporate accountants, VPs, doctors, stock analysts, investment advisors, people who own their own companies.....

There are tons of people who earn over 250k/yr.

OK, so what are they doing hanging around the DIS?? Oh, and my Dr. DOES not Clear 250k a year, according to HIM.

 

[Amirah95]

OK, so what are they doing hanging around the DIS?? Oh, and my Dr. DOES not Clear 250k a year, according to HIM.

A lot of doctors have to pay for malpractice insurance and I heard that it's quite costly. I don't know that for sure, but it's what I heard. Maybe that's why he doesn't clear $250k.

 

[mjkacmom]

OK, so what are they doing hanging around the DIS?? Oh, and my Dr. DOES not Clear 250k a year, according to HIM.

Should've gone into plastic surgery or dermatology - GP's, OB's, and Pediatricians are usually NOT living large. Lots of folks in my area make over $250,000 - high COL, close to NYC.

 

[NotUrsula]

The average lawyer doesn't make that much, either. That territory is reserved for really good plaintiff's attorneys and senior people who work at silk firms in major markets.

For awhile there good real estate brokers were often in this club, but now the pickings are MUCH slimmer. That's one of those fields where it tends to be either feast or famine.

 

[frndshpcptn]

Investment bankers, corporate lawyers (here in nyc at least), VP and above of communication or marketing (at companies around here at least), etc...

 

[corndog]

. . . for really good plaintiff's attorneys . . .

There's no such thing!

 

[missypie]

Law firm partner here. Yes, the income is high, but I pay for 100% of my "benefits" - 100% of my 401K (even the "matching" portion), 100% of my health and dental insurance (with a very high deductible). If I worked someplace where the employer paid for a pension and insurance, I could work for a lot less and bring home a lot more.

 

[froglady]

A race horse "line" breeder can make that much (he determines which horses might have winning offspring.) My brother is a stone draftsman/estimater and made that much last year- I suspect the downturn has hurt him. Just a HS education and training; he now owns his company.

Many small businessmen make that much, but don't CLEAR that much after taxes. DH's net income is almost $100,000 less than gross.

 

[jsmith]

I know a number of IT professionals who make that-although not in this market many many real estate agents generate that much income in a years time. Marketing execs, advertising execs, book editors, small business owners-Engineers in a number of fields, mathemetians, tenured college professors, college coaches and atheletic trainers, ect ect.

 

[NotUrsula]

OK, Corndog; let's say really *skilled* plaintiff's attorneys. Those that are not just persuasive, but also have that nose for a case that will bring good returns.

 

[nannerbadnanner]

I used to work in temp staffing and many of our executives cleared 250K easily.

 

[Quiksilvr]

I work at a very large law firm. I'm not going to say which one.

First year associates (those who graduated from law school in 2008) at my firm are paid $160,000/yr. Eighth year associates are paid roughly $265,000 /yr. We generally receive bonuses annually that are between $30,000-$85,000 depending on class year and hours.

Partners at my firm average well over $1 million per year.

Most of this information can be verified by checking with nalpdirectory.com, which is a site that lists a number of law firms and provides data to those seeking legal employment. The "standard" salary for a first year at a NYC or DC big firm is $160,000 plus bonus. Once you get into later class years, the firms vary on compensation.

EDIT: I just checked NALP for my firm, and it lists first year comp but not the rest of the class years through partnership. That should still be enough info though.

 

[DMickey28]

Software consultants
Top Salesmen/women at software companies
Executives at software consultanting firms

 

[pr surfer]

I wanna clear $250k

My folks easily clear that each. One is in an executive position at a creative firm, the other is an attorney/government consultant/former politician.

 

[Barbossa]

Law firm partner here. Yes, the income is high, but I pay for 100% of my "benefits" - 100% of my 401K (even the "matching" portion), 100% of my health and dental insurance (with a very high deductible). If I worked someplace where the employer paid for a pension and insurance, I could work for a lot less and bring home a lot more.

I second this. I was an engineering consultant for five years. A few of those years were very lucrative, yet I didn't see a large gain in disposable income after paying for health insurance, self-employment tax etc. The only huge financial advantage was retirement, where SEP and defined benefit plans let you sock away more money than a 401K.

 

[a1tinkfans]

lawyers, stock brokers, Wall Street traders/sales people, CEOs, corporate accountants, VPs, doctors, stock analysts, investment advisors, people who own their own companies.....

There are tons of people who earn over 250k/yr.

YUP!
Small Business Owners, Insurance Agencies, Investigation Firms, small businesses all over your neighborhood too.
How do they have time? I guess "they" just think its worth it to MAKE the time!

 

[Quiksilvr]

Also, the Obama tax hike affects those who make more than $250,000/yr who are married filing jointly, as well. Thus, you could have two six-figure incomes and clear the hurdle.

I don't think I'd hit the figure by myself (depends on bonuses this year), but with my wife's compensation added in we definitely will cross the line.