My tax man was very suprised.

Discussion in 'Trucker Taxes and Truck Financing' started by Ron W, Sep 26, 2010.

  1. Ron W

    Ron W Bobtail Member

    29
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    Sep 24, 2010
    Grand Rapids,Michigan
    0
    The last year I drove as an owner/operator,and had my taxes done I gave the man my book that I carried in the truck to document every thing I bought from the smallest item up to the largest. He told me that he hadn't seen an expense to profit ratio that good by anyone in years. I had 70/30% ratio. 70% expenses to 30% profit. I know it doesn't sound like a lot,but it was better than going broke. He wanted to know my secret as my fuel to run ratio was very low. I told him I had learned from the ol' timers years ago. The principles are still the same.
     
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  3. Hardlyevr

    Hardlyevr Road Train Member

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    Jul 30, 2009
    Mapleton Depot,PA
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    You obviously don't have enough chrome on your truck. If you would just load up on chrome and extra lights, you could probably get your expenses up over 100%! :biggrin_25525:
     
  4. Ron W

    Ron W Bobtail Member

    29
    2
    Sep 24, 2010
    Grand Rapids,Michigan
    0
    One old time trucker told me once "Chrome is nice,but it don't make you any money". Chrome does make it easier to keep the truck clean.
     
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