Tax Attorney Salary Range
- Mr. Michael Gasing MM
- 2023 January 02T13:32
- Tax Attorney
A tax attorney is a lawyer who specializes in tax law, including tax planning, tax controversies, and tax-related transactions. Tax attorneys work in a variety of settings, including law firms, accounting firms, government agencies, and corporations. The salary of a tax attorney can vary depending on a number of factors, such as location, experience, and employer.
Location:
The location of a tax attorney can have a significant impact on their salary. For example, tax attorneys working in major metropolitan areas such as New York, Los Angeles, or San Francisco may earn higher salaries than those working in smaller cities or rural areas. This is due to a higher cost of living in these areas and a higher demand for legal services.
Experience:
The amount of experience a tax attorney has can also affect their salary. Generally, the more experience a tax attorney has, the higher their salary will be. An entry-level tax attorney may earn around $70,000 per year, while a tax attorney with ten or more years of experience may earn over $200,000 per year.
Employer:
The type of employer can also impact a tax attorney's salary. Tax attorneys working for large law firms or corporations may earn higher salaries than those working for smaller firms or government agencies. This is due to the larger budgets and higher profits of these types of employers.
Average Salary:
According to the Bureau of Labor Statistics, the median annual wage for lawyers in the United States in 2020 was $126,930. However, this figure includes all types of lawyers, not just tax attorneys. According to a survey by PayScale, the average salary for a tax attorney in the United States in 2021 was $97,000 per year. However, this figure can vary widely depending on the factors mentioned above.
In general, tax attorneys working for large law firms or corporations can earn higher salaries than those working for smaller firms or government agencies. According to a survey by the National Association for Law Placement, the median starting salary for a first-year associate in a large law firm was $190,000 in 2021. However, these types of jobs are highly competitive and may be difficult to obtain.
Tax attorneys who work in private practice may earn a range of salaries depending on the size and profitability of their practice. According to a survey by the American Bar Association, the median income for solo practitioners in the United States was $125,000 in 2020. However, this figure can vary widely depending on the size and location of the practice, as well as the experience and expertise of the attorney.
Conclusion:
In conclusion, the salary of a tax attorney can vary widely depending on a number of factors, including location, experience, and employer. Generally, tax attorneys who work for large law firms or corporations can earn higher salaries than those who work for smaller firms or government agencies. However, these types of jobs are highly competitive and may be difficult to obtain. Tax attorneys who work in private practice may earn a range of salaries depending on the size and profitability of their practice.
