Is it just me..

Is it just me or do some of you old timers see our ''NET'' getting smaller and smaller.I just finished up on my taxes and all my deductions.It just amazes me how much we as O/O's pay our business partners...It amazes me the ''bottom'' number and then income Tax on that.

My business partners make alot of money off my Honest Hard work.Oil Companies,Ins Companies,Toll Roads,Maint,Workers Comp,Trans Flo,Comdata and the rest of the vultures...LMAO..It amazes me that these vultures have scored BIG on the shirt tail of the working men and woman in this country...

Needless to say i have watched my ''net'' get smaller and smaller in the 25 years of doing busuniss as...Does anyone else see this trend year after year in trucking....?..My cost of business goes up every year and the rates stay the same..I sure hope i can hang on tight till retirement..And here is the KICKER.My equipment is paid for.I just could not see having a ''payment'' and higher Ins..This has to force men and woman to almost LIVE in there trucks...

One thing rings in my ear.Many years ago the old timers always talked about the 1/3..Does anyone remember that.They always said you bring home a 1/3 of the gross.I have to say the old timers were spot on.It seems i am around a 1/3 of my gross year after year.

 

When you do it the way the ''IRS'' wants you to do it,it leaves some money for us at the end.I am sitting right at the 1/3 mark again for last year.Mind you my old truck is paid for.I grossed out at around 150,000..

My taxes i have done are starting to shape up.It is looking at around 48,000 for this O/O..I will have to look at each catagory and see what i can save this year.At least try to analyze each catagory and try to make some changes to my ''plan''.Not sure where i can do this.It seems to be the same amounts every year..

An old timer friend of mine put's it this way.He sums it up pretty good.He says buying a truck is ''buying a job''.I would have to agree with him.

My cousin is in the trucker union.I talked to him today and he made 91,000 and he is home every night..I like doing what i do and do not wanna be a company man.But boy was that a kick right in the nuts.Them #### union guys....errrrrrrrrrrrrrrrrrrrrrrrrrrrr....lol,lol..I would say he is doing well.But i love my freedom.So i guess i have to keep paying for my freedom..On my report card from school it was always marked...''Does not work well with others''...