A company that I have recently applied for seems to do perdiem right.
They do not do any mileage thing, or take any money out.
They pay you 52 dollars a day for every night you are out. This is on top of a decent mileage rate and other pay.
I may not be able to claim perdiem on my taxes at the end of the year, but with getting the full amount paid I do not mind.
I wrote off over 16,000 in perdiem this past year. It only got me an extra 1000 back on my return. I will take the full amount every day over that.
Oh, hey Wright Racing.
Fair tax now bud. No income tax. No corporate tax. No SSI, No money comes from any checks. All is paid as a sales tax.
This way you only pay tax when you spend money. Read up on it some time. Best system out there.
Per Diem paid by company vs. not?
Discussion in 'Trucker Taxes and Truck Financing' started by Buckeye 'bedder, Oct 11, 2010.
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I've heard about that, but haven't done any studying up on it. That is the original way our government was set up. Some greedy banker president, started income tax, and it was never even voted in. I am amazed it just went thru, but now seeing stupid laws being forced upon us by our government first hand it's more believable.
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Sorry, not to be annoying, but not a greedy bank president...
Permanent Federal income tax was established by the 16th amendment in 1913 by both Congress and the Senate where (surprise, surprise) both sides were a Democrat Majority and signed in by Democratic president Woodrow Wilson.
It had long been championed by the Populist movement, a short lived political party working closely with unions and agrarians (way over simplified, but think of one as the factory worker socialist party and the other as the farm worker socialist party-both philosophies work closely with communists to this day which is why they link to each others web sites) that merged and was absorbed by the Democratic party around the turn of the century.
Democrats tend to raise taxes... -
He was kin to the Rockafellers...
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Hard to decide which is worse.
Democrat that raises taxes to try and balance a budget or;
a Republican that cuts taxes and increases spending and claims to balance the budget.
I have figured that neither know how to work a calculator properly. -
Not a bad plan, but for it to work, special interest groups have to be destroyed.
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Agreed, we get 10% with Sprint. I am not eligible for Company Per-Diem (Dedicated Account) and I have never used company Per-Diem. They keep a percentage for themselves and claim to give you everything. I have had a $16-17,000 Per-Diem Deduction every year.Last edited: Apr 12, 2011
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Anyone know if T-mobile offers this discount? And what does one ask the service person, "Hey, I am a trucker and use it for my job a lot, get me a discount?" or is there more to it than that?
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Ok but my SO with 21yrs experience just started with a company where per diem of only .03cpm is REQUIRED - no opt out - so technicall, is only being paid .31CPM after per diem allotment. At the current mileage they're giving him (avg 200miles per DAY!) that's only about $6.00 per day for per diem - he's been gone since Sunday and has had to eat for 4-days. Six-bucks a DAY for a food allotment doesn't sound right...does it?
What to do? Look for another company where per diem is opted out or not required? Need some help understanding this.
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Sorry, I lost track of this thread until it just got brought back forward.
Nobody is giving you $59. They are just giving you a tax break on $59 which you already earned. A single man pays about 13% federal tax on his check. Roughly 13% of $59 is $8. That is all that is given to you.
Look back a few post at ChromeDome's post. He is actually getting perdiem the correct way.
This is no different in all the things we do for free. That load is going to pay X amount regardless so the prices can be stabilized in the stores. How the money is divied up between point A and point B there is room for being screwed. Everyone wants to keep their profits. So when the perdiem thing started in the trucking industry, pencil pushers found a way to twist things around and save the company money. Just like these training companies found ways to make money by hiring students. Nobody said you had to keep them, just keep hiring them. Holes in the system. As long as we are exempt from many wage and labor laws, this deception will carry on.
We're seeing alot more of instead of making .35/mile and that's what they tell you when you hire in. They are saying, oh you make .27/mile, the rest is perdiem. So if you opt out, do you make .27? Nope you make .35
They want the best of both worlds. Every driver should ask about the companies perdiem policies when they are job hunting. The way they do it is to refuse it and take the rewards tax time. A man would benefit more that way.Last edited: May 7, 2011
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