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What will happen in 2011?

Discussion in 'Trucker Taxes and Truck Financing' started by kd5icr, Dec 3, 2010.

Page 1 of 6
  1. Dec 3, 2010 #1
    kd5icr

    kd5icr Light Load Member

    100
    51
    Nov 28, 2010
    Carrollton, Texas
    0
    What is going to happen to O/O if the people in DC dont do anything about tax rates? as far as per diem, and deductions? Will we loose most of them? I know they talk about removing many deductions that many depend on? How will this work for truck drivers. The end of the year is almost here.
     
    kd5icr, Dec 3, 2010
    kd5icr, Dec 3, 2010
    #1
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  3. Dec 3, 2010 #2
    Roadmedic

    Roadmedic Road Train Member

    18,951
    8,981
    Apr 4, 2007
    0

    For one thing, you are worried about apples and oranges.

    The owner operator has operating income and operating expenses. These are not subject to any restrictions or deductions you have heard about.

    Deductions are something that happens on a personal itemized return.
     
    Roadmedic, Dec 3, 2010
    Roadmedic, Dec 3, 2010
    #2
  4. Dec 18, 2010 #3
    producepimp

    producepimp Light Load Member

    177
    4
    Jul 16, 2010
    0
    atleast they aint talking about y2k stuff lol
     
    producepimp, Dec 18, 2010
    producepimp, Dec 18, 2010
    #3
  5. Dec 18, 2010 #4
    lovesthedrive

    lovesthedrive R.I.P.

    15,953
    54,484
    Nov 11, 2008
    Sorrento Maine
    0
    LOL nothing new, just one more piece of manure to get used to. If you cant adjust to the economy and flow with it, then you might as well park it and watch the world go by.
     
    lovesthedrive, Dec 18, 2010
    lovesthedrive, Dec 18, 2010
    #4
  7. Dec 18, 2010 #5
    Skunk_Truck_2590

    Skunk_Truck_2590 Road Train Member

    2,094
    684
    Feb 16, 2007
    Stonewall, LA.
    0
    There's a problem. Alot of people can't adjust to the economy when they were in a poor state to begain with.
     
    Skunk_Truck_2590, Dec 18, 2010
    Skunk_Truck_2590, Dec 18, 2010
    #5
  8. Dec 23, 2010 #6
    Diogenes

    Diogenes Light Load Member

    87
    321
    May 3, 2010
    0
    What are you hearing and who are you hearing it from? Who is "they?"
     
    Diogenes, Dec 23, 2010
    Diogenes, Dec 23, 2010
    #6
  9. Dec 23, 2010 #7
    SheepDog

    SheepDog Road Train Member

    3,482
    2,084
    Nov 30, 2008
    Sand Lake, MI
    0
    Man, I feel out of the loop. I haven't heard anything about the loss of perdiem, deductions or specific taxes for O/O's. The only taxes they are talking about these days is the Bush Tax cuts. What have you heard and from whom?

    SheepDog
     
    SheepDog, Dec 23, 2010
    SheepDog, Dec 23, 2010
    #7
  10. Dec 23, 2010 #8
    albhb3

    albhb3 Medium Load Member

    596
    279
    Nov 3, 2009
    0
    I dont know but in approxmately 1 year and 363 days were all suppost to be dead or something so0o
     
    albhb3, Dec 23, 2010
    albhb3, Dec 23, 2010
    #8
  11. Dec 24, 2010 #9
    Broken Spoke

    Broken Spoke Medium Load Member

    570
    173
    Mar 22, 2010
    Tucson Arizona
    0
    You better deliver that last load before you die! If you don't they will hit your DAC and no funeral parlor will deal with you!
     
    Broken Spoke, Dec 24, 2010
    Broken Spoke, Dec 24, 2010
    #9
    ptropixxx Thanks this.
  12. Dec 25, 2010 #10
    ptropixxx

    ptropixxx Light Load Member

    77
    27
    Apr 3, 2010
    SOUTH-FLORIDA
    0
    thats funny right their:biggrin_2559::biggrin_2559::biggrin_2559:
     
    ptropixxx, Dec 25, 2010
    ptropixxx, Dec 25, 2010
    #10
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