New IC contract. What do you think?

you would be correct

 

I average 2.43 a mile, with all my deductions of cpm I average 1.17 in my pocket.

 

So it's costing you about $1.26 / mile to run the truck. Seems like you could get that much lower.
What's your average length of haul at that rate.

 

That aspect right there would seem to argue against being ICs rather than employees for IRS purposes. Would be interesting to see how the courts would view it too.

 

Do you really think SNI and their lawyers are that clueless?

 

Having your own authority comes with more expense ( trailer maint. insurance etc.) But that said for a paid off truck and trailer 1.26 seems awful high

 

When you take in maintenance, ins, fuel taxes and fuel, and bond fees, yes if you want to haul government, it's a requirement, and remember I have 1 mill and 500K liabilty I also have accountant fees and the ever regrettable tolls, that's and average per year.

 

And don't forget the heavy handed IRS.

 

No but they're betting enough of us are.

 

So has anything changed in 6 months of the new contract?

I'll let y'all comment Everytime I point out where this is headed I'm told to leave bit somehow 6 months later others start to mention the changes and it's as if they're psychic.