Define "take home"? I'll bet you it's before taxes. When taxes come out of that it's a $1,000 a week on the high end and worse on the low end. Never mind paying for nonexistent benefits. It's not a good living for a life on the road. It's a temporary stop gap measure at best. For many drivers all it leads to is trouble with the IRS. But if somebody thinks that's good who am I to say it's not. Hope he figures out what's going on with his pay.
Charging a 1099 driver 21% fuel surcharge after payout?
Discussion in 'Ask An Owner Operator' started by Michaelcrozz, Nov 17, 2023.
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Tb0n3, Derailed, Michaelcrozz and 1 other person Thank this.
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I didn't say it's good, but it's better than making $500 per week after taxes like I did with Schneider. And actually I did work what he is doing right now for few months as well. For some reason he thinks he is an independent contractor when he really is a company driver.rollin coal and 77fib77 Thank this.
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Maybe he's paying for 21% of the fuel? Idk it's clear as concrete which is opaque.
Sons Hero, Big Road Skateboard and JoeyJunk Thank this. -
Ya didn't? Your username puzzles memisterG, JoeyJunk and exhausted379 Thank this.
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1099 work? Not sure how it is in trucking. I did 1099 work, and had 1099 workers for many years.
There didn't have to be any contracts, but they had to OWN their equipment. Yes, they worked for me every day, but with their own tools and trucks.
I always assumed these trucking companies were doing this and writing up lease purchase contracts for the equipment.
Lots of shady in it when it comes to trucking -
It's good for what he's doing. It could be much
worse. But it's not good compared to a good
W-2 job, which is hard to find. -
It doesn't matter what your contract/agreement or lack of one says if it's not done/written within the legalities of state & federal law. Bring your contract and your settlements to an attorney or your local department of labor and ask if it's legal.
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I did it. It was my first job. It's very Chicago.JoeyJunk and Big Road Skateboard Thank this.
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In my situation my truck went down. The owner had a spare truck and let me borrow it under this arrangement. He would never hire somebody off the street and put them in one of his trucks as a "1099 employee". It's just to help out guys that are leased on under his authority if they have a rough patch. Some guys do it while their truck's in the shop being repaired so the cash keeps flowing then they hop back into their own truck afterwards. It's useful to help keep good operators from leaving to go get another job if they can't miss any settlements. A win/win for both parties.
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If I understand this correctly?
You are driving thier truck, and they are paying for the fuel and paying you 27% up front?
On the back end, they are charging you 21% and calling it fuel surcharge charge.
So if you gross $2000. They take 21percent of that, and the remainder is your settlement?
$2000-21%=$1380
They took $620.
So if you grossed $5000. You settlement would be $5000-21%= $3950
I see what they are doing. But the math on each load sucks. They should just pay you say 22-25% and end it there.
You are going to be screwed come tax time.misterG Thanks this.
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