Tax Lawyer Salary: One Of The Best Paid JoB Profiles

Tax Lawyer Salary: One Of The Best Paid JoB Profiles

Tax lawyers are experts in terms of working with business establishments, companies and individual taxpayers to resolve issues with taxes, as well as relief or avoidance to be able to decrease the tax reliability, supervision for the period of an audit, estate planning, protecting or bringing suit against the IRS or the department of State Revenue, outlining contracts and setting up corporations while doing business. Tax lawyers are considered as one of the highest-paid lawyer specializations in the industry. Regarding tax lawyer salary, this profession has been ranked as the 4th among the different specializations of lawyers as the highest-paid attorneys. The average salary of tax law attorneys is about $160,000 every year. In the United States, tax lawyers are given with a very generous salary with more than 6 figures every year. In the different countries in the world, tax attorneys are given an income that ranges from $56,000 to $214,000. Aside from this, tax lawyers can also achieve $41,000 bonus and more than $49,000 from profit sharing in outstanding cases. The duration of career as a tax lawyer affects the pay of an attorney. The longer the experience an attorney has, the higher the pay that they can get. The place where they are practicing their profession also affects their salary. In other words, geography plays an important role to be able to have a higher income. As per statistics, there are more male tax lawyers than female tax lawyers in the world. In some companies who employ tax lawyers, they even get an incentive or benefit of receiving medical and dental insurance from their employers. Most tax lawyers who have been working in this industry have stated a high level of job satisfaction. Listed below are the different salaries of tax lawyers according to geographical location.

tax lawyer salary

United States of America

The tax lawyers in the United States of America can earn ranging from $52,934 to $216,926. The average salary is about $108,672. Beginner tax lawyers are being paid at around $51,973 to $188,813 without incentives that may be as high as $48,479 and the sharing of profit that ranges from $1373 to $14,740 every year. Based from the experience that the tax lawyers have, for beginners their income may range from $40,134 to $103,042. For novice lawyers who have one to four years of experience in the law industry, their income may range from $48,479 to $119,245 annually. For those who have been in the law industry for 10 to 19 years, they can already be paid with a very high amount that may range from $74,497 to $206,084. Lastly, for lawyers who have been practicing this job profile for more than 20 years, they can earn some money that may range from $61,825 to $387,832. The salary of a tax lawyer may change depending upon the length of experience that they have.

The certificate that tax lawyers can obtain may also affect their income. If a tax lawyer has a certificate to practice their profession, their salary may range from $58,882 to $197,402 while a tax lawyer or a certified public accountant can have an annual salary that may range from $60,019 to $198,659.

Aside from the years of experience and certification, another factor that can affect the income of tax lawyers would be their skills and specializations. For those who are in the tax consulting niche, tax lawyer can have an income that may range from $49,665 to $201,223. For lawyers who have jobs in the tax compliance field, they can have a salary that may range from $40,778 to $180,258 per annum. Lastly, those lawyers who are working in the legal research department can receive an annual salary that can range from $48,936 to $137,874.

As per state, the salary of tax lawyers may also differ. In New York, the tax lawyers can earn an annual salary that may range from $68,510 to $231,543.  For those tax lawyers who are working in Texas and Georgia, they can receive annual salaries that may range from $58,175 to $200,932 and $70,000 to $178,000 respectively. Tax lawyers who are practicing their profession in Columbia and California can earn an annual salary that may range from $114,882 to $155,502 and $77,023 to $104,805, respectively.  According to cities in the United States, California is the best city for tax lawyers because their annual salary is higher than other cities at $54,097 to $387,332 followed by Houston Texas that may range from $61,277 to $190,849. In Atlanta, Georgia, tax lawyers can have a salary that is ranging from $70,000 to $178,000 per annum while those who are practicing their profession in Washington can receive an annual salary from $114,882 to $155,502.

 

United Kingdom

Tax lawyers who still don’t have any experience can receive an annual salary that is ranging from $72,152 to $108,227. For those who have gained about one to two years experience, they can already receive a salary that may range from $78,164 to $112,737 every year while those tax lawyers who have two years experience can earn a salary that may range from $90,189 to $120,252. A tax lawyer who have three years experience can receive a salary within the bracket of $97,705 to $142,800, while those who have four years of experience can receive a salary that may range from $105,221 to $147,309. The tax lawyers who have more than six years practice in the field can receive at least $180,378 salary every year.

 

Australia

Tax lawyers in Australia receive a very good salary every year that is ranging from $45,522 to $87,823. The tax lawyers in this country can earn an average of $1151 every week or about $59,707 every year. 

These countries are some of the best countries that give a very good amount of salary to tax lawyers. Nevertheless, in general the tax lawyers in each country can receive a high amount of salary because of the high demand for tax lawyers especially for business establishments, corporations and individual tax payers. It is always important to seek for their help to avoid any lawsuits in the near future.

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