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Tax advice

Discussion in 'Questions From New Drivers' started by AirForce Vet, Aug 7, 2013.

Page 2 of 2
  1. Aug 8, 2013 #11
    Ridgeline

    Ridgeline Road Train Member

    20,732
    101,011
    Dec 18, 2011
    Michigan
    0
    I would forget the tax man, the tax preparer and others who can only "advise" you what to do. Go and talk to an accountant who has knowledge on how to shelter, reduce or eliminate some of your tax liabilities properly.
     
    Ridgeline, Aug 8, 2013
    Ridgeline, Aug 8, 2013
    #11
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  3. Aug 8, 2013 #12
    AirForce Vet

    AirForce Vet Light Load Member

    98
    22
    Sep 18, 2012
    0
    Duly noted, will do tax accountant , 401k,and save
     
    AirForce Vet, Aug 8, 2013
    AirForce Vet, Aug 8, 2013
    #12
  4. Aug 9, 2013 #13
    bigdogpile

    bigdogpile Road Train Member

    1,931
    1,462
    May 16, 2010
    fontana ca
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    lmfao ! Oh really, your gonna pay an accountant to help you shelter that whopping 40k take home pay that probably gets spent faster than it comes in.lo
     
    bigdogpile, Aug 9, 2013
    bigdogpile, Aug 9, 2013
    #13
  5. Aug 9, 2013 #14
    AirForce Vet

    AirForce Vet Light Load Member

    98
    22
    Sep 18, 2012
    0
    Im sorry dogpile, Please respect me seeking help to understand finances of the trucking world,

    Sir if you can tell me how to make more money in trucking then share it please, but as of right now i doing extremely well to only be driving a truck for 7 months.

    Its not about how much you make sir, its about how much you keep,
     
    AirForce Vet, Aug 9, 2013
    AirForce Vet, Aug 9, 2013
    #14
  7. Aug 9, 2013 #15
    bigdogpile

    bigdogpile Road Train Member

    1,931
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    May 16, 2010
    fontana ca
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    no your doing fine,I have no secrets on how to make more unless you just demand more. And by all means do all you can to keep it, but 70k after taxes is about 40-45..and well thats just not much to hide in a swiss bank account...there really are no tricks,scams & shelters for us ...
     
    bigdogpile, Aug 9, 2013
    bigdogpile, Aug 9, 2013
    #15
  8. Aug 9, 2013 #16
    AirForce Vet

    AirForce Vet Light Load Member

    98
    22
    Sep 18, 2012
    0
    Honestly my salary isnt capped, 70000 is my base and i have the opportunity to up 110k: providing i never take home time.

    I love my job because if i started with one of the big guys @ 30cpm if im lucky then i only can run 10.5 hours a day thats $189/aday, thats slavery, then if im not getting the miles thats a waste of time. I get paid per car not the mile.

    Also 70k taxed =51000take home , who cant live on 4000/month IN MY FIRST YEAR OF TRUCKING some driver been doing this over 5 years and dont make that.
     
    AirForce Vet, Aug 9, 2013
    AirForce Vet, Aug 9, 2013
    #16
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