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| Excited Newbie I am currently attending cdl school, just completed the classroom portion and got into the trucks today. I was pretty suprised how quick i caught on to shifting. (thought I would do alot worse than i did) Anyway, I have received some prehires from some of the major carriers, but I am a little worried about going with one of them. With every thing I have read on this site it seems to me they pretty much all Ripe you off. I am looking into a local trucking company in my area. they pay 29% aload to start, Pay on 1099. What do you guys think of this verse going with a major carrir? |
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| Sounds good, except as a 1099 employee, you are a subcontractor. That means, NO BENEFITS, AND NO TAXES withheld from your earnings. So, You will have to get yourself a tax proffesional, and set aside about 28-32% of your weekly gross income to cover your income taxes. And, your may have to file your taxes quarterly. So, you will need to weigh your options carefully. Good luck |
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You got that Right. Tax man will have a hey day with you if your not preped for it. On the bright side, EVERYTHING that you use in your truck to conduct business or non-reimbursed expeses can be used as a deduction. You might need to check with your state Government as well. You may be required to pay addtional taxes to them as well.
__________________ I'd rather be brewing Last edited by wndrwtr; 03.13.2007 at 12.00 AM. Reason: addition |
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| the biggest problem with a 1099,is you will have to pay all of your ssi,insread of 7%,you pay 14%,employee doesn't have to pay it,you will also have to pay your own workmens comp insur also. It is not worth all the risk,get a good company job for yourself,most of these 1099 companies can't hire legitimally because of past bad records or charges in employment or irs involvements. |
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That's why i'm trying to get into union LTL.
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| be careful I know you feel excited about your new career. I sure am because im a newbie also. Im going for my cdl test friday. the thing i have experience in is being a independent contractor. I leased a brand new dodge sprinter a year ago and let me tell you. There are so many things you will be responsible to pay for that normally when you work for someone useing there truck you wouldn't have to. My advice is first go work for someone else for 2 to three years where your operating someone elses truck. Get yourself comfortable with driving the truck,doing your log book, learning the roads, and everything else about your new career. When you have some experience it is much more easier to make the right decisions. Good luck for whatever you decide |
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| the only company that i have heard of so far that doesnt rip you off is TRANS AM my husband started working for them and is clearing about 900 a week take home pay and he drive a company truck. he has told me that most of the people that are there are alright! |
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