I'm thinking he only be paying his self 20 cents per mile after he put 10 cents, or 30% away for the tax man..?
Chassis Cab and non-CDL
Discussion in 'Expediter and Hot Shot Trucking Forum' started by sabal_logistics, Apr 23, 2020.
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I have to admit, I am very attracted to getting into this in general, virus be ######. You are your own boss...you sink or swim for the most part because of you. There is incredible freedom there.
The Tax man cometh! For sure. You are correct 10 cents goes to Uncle Sam.singlescrewshaker Thanks this. -
A good accountant may be able to get your taxable income down to zero.
singlescrewshaker and 24kHotshot Thank this. -
If you want to stay under 26k and do small truck trucking then the only tactic that makes sense to me is to keep the truck and trailer as light as possible. You don’t need a 40 ft trailer with dually tandem axles or even a DRW truck. SRW 1 ton is fine because realistically you ain’t putting more than 10,000 lbs on the deck anyway playing small-ball like that. If you want to go above 26k then just go straight to class A equipment IMO.
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Probably even better idea/advice is to not even try this right now. IMO its a bad time to be taking on risk with financed equipment. No telling how ugly this downturn will get but almost certainly it will get worse before it gets better. Rates are in the garbage right now on top of it.
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A lot of correct information on this thread. The OP is doing the right research and seems to have the right balance of entrepreneurship and risk assessment. I appreciate seeing all the sound information instead of assumptions of perceived reality.
Dino soar, clausland and singlescrewshaker Thank this. -
However for NONE of those can you select "sleeper" on the log book. You can only select "off-duty". To select sleeper on the log book it has to be a approved DOT sleeper.. It's how us hot shot guys sleep in the back of crew cab trucks and get our weekly or multiple monthly inspections and every DOT officer see's our make shift bed's, set up in the rear of the truck but we never get ticketed.
It's dumb but that's how the law works. Biggest take away is we can't do 8+2 splits...
My opinion on why there is a DOT regulated sleeper size is more about forcing companies who hire drivers from creating uncomfortable situation for the drivers and forcing them into that situation. However if you choose it for yourself then they are ok with it.Last edited: Apr 26, 2020
longhaultransport Thanks this. -
This is the best advice.. Never in a million years would I start up right now. (I've been shut down over a month now) Everyone I know is shut down except a few guys I still know who haul reefer.. There are NO LOADs for flatbed hotshot.. What is still out there is paying dog poop.. Like .50/mile... -
clausland and singlescrewshaker Thank this.
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There is nothing on the boards right now...for flatbed.. even full truck loads they are trying to push them for a $1-1.20/mile..
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