Additionally, salaries can vary depending on the region, level of experience, and other factors.
the average salary for a psychologist (PhD) in private practice in the USA was approximately $80,000 to $100,000 per year before taxes. Keep in mind that this is just an estimate, and individual earnings can be higher or lower based on various factors.
Regarding taxes, the exact amount of income tax paid will depend on various factors, including the state in which the psychologist practices, their total income, and potential deductions. As a rough estimate, one could expect to pay around 25-35% in federal income taxes, and additional state income taxes may apply, which can vary significantly depending on the state.
It's crucial for psychologists or any individuals seeking accurate information about salaries and taxes to consult up-to-date sources and possibly a professional tax advisor to get a precise understanding of their financial situation.