Should we share our rates on loads ?

You are probably aware that there is a push to basically outlaw older trucks from going over the road due to emissions.

Im against this but it is what it is. Without going into politics I think the UN might have something to do with this as well. Trucks are good trucks, it's the constant pushing people to buy a 150,000 dollar mint new retail KW for 2017 model year when they can get a truck for 30K and fix it up to do the same job.

I base my opinion on one fact Ive gathered over the 30 some years ive been out there driving trucks from the late 50's all the way to 2001 cherry virgin trucks.

In the early days 4 miles to gallon to 5 or 6 is really average. This is in the 80's Now it's 6 to 8 miles to gallon. And fuel prices have gone so high... bleah. .19 cent gas is all gone bye bye. Now it's 5 dollars into 10 bucks on 9-11 for fuel. (Gouging)

4 to 6 miles to gallon in 1980 to today's 6 to 8 mpg average with a crapithload of emissions, computer technology and all of that junk... it's SILLY.

If you got say 30 miles to the gallon in 18 wheelers today running freight on a 100 gallon tank instead of 300 gallons to do the same job then by god we will fire middle east as a fuel source. America will not need so much fuel every day.

But nooo. Uncle Sam wants his taxes per gallon. So 8 miles to gallon it is. Not 30 or whatever.

 

I actually like lengthly reads. Love em. I went back and reread. Yep I missed it.

But that's ok. I don't know of anything else left to think on these figures. I was thinking this thread should be put up for those who want to be owner operators. It seems there is a wave of young people wanting to buy a truck and have at it. (And I think it's awesome. But they need to put in the time as a company driver first.

Here is another radical thought that will change the industry for the better.

Companies do not tell the Company driver a #### thing. What they should and ought to do is allow a teaching time with Company drivers to totally understand the costs associated with that truck they are driving so that some day if they wish to lease or purchase a truck they will be already there as far as knowing what it takes to run a truck.

 

60 cpm is your cost to operate? Thank God someone besides me gets it. Every time i say it cost me between 57 and 65 cpm depending on what fuel is that day people laugh and tell me i obviously don't have a clue cause it cost them a dollar thirty.

It's very refreshing to see someone else understands that all your personal expenses are not part of the cost to operate the truck.

 

Why in the world would a business want to teach their future competitors?!

 

Why not? If everyone and anyone and their mother knew what the going rates are and what it costs to run a truck in America then no broker will be able to get away with selling .75 a mile freight. Right?

 

If a guy takes a load for 75 cpm he deserves to fail. There had always, and will always be people willing to run freight cheaper and cheaper thinking they can make a buck doing it. That won't ever change, it's just part of a free market. Plent of people start a business and try to operate cheaper than the competition in order to win customers, they either wigan up and figure out how to get a better rate or they go out of business and a new breed jumps in doing the same thing. With today's technology there is absolutely no reason a guy can't have access to average lane rates. The only thing that stops them from learning those rates are themselves. Anyone that agrees to load for 75 cpm deserves to fail. But look at the bright side, it means there will always be an ample supply of used trucks and trailers on the market.

 

I love the calculations!! It shows good business acumen. I have always said that trucking would be a whole lot different if more guys ( especially L/P guys) took the time to figure the number out vs just winging it. Then you would have more pictures of guys with titles to trucks. The only thing I would change is that you forgot to figure in Deadhead miles. Because if you average 15% dh then you would have 330 dhm on 2200mi and 495 dhm on 3300 mi. Then you would figure the cost of driving those dh miles which include all related costs. So, that will alter some of you figures. It probably will even reduce the paid miles for the 3k guy, unless he runs those miles on pc(personal conveyance).

 

I've never figured out what I paid in on taxes in relation to a dollar, but it's never been anywhere close to the figure you throw around. The last two years my net after taxes has been in the upper 90's.

 

I do not "Throw around" Figures.

Here are some links to help you acquaint yourself with the burden on every dollar earned and how much is withheld...

Prince was worth roughly 300 million dollars when he overdosed for example Probate/Estate tax will be 55% Poof gone. Minnesota will take 45% Poof gone. That's all the money. By the way Laywer bills was reported by zero hedge to approach 2 million on the way to three leaving anyone who is inheriting this estate negative net worth.

Adding It Up

http://www.npr.org/templates/story/story.php?storyId=129712761

Top ten federal charts
http://visualeconomics.creditloan.com/united-states-federal-tax-dollars/

65 cents per dollar average taxed...
http://www.cbpp.org/blog/top-10-federal-tax-charts

Real value of 100 dollars divided per state.
http://taxfoundation.org/blog/real-value-100-each-state-2016

Lottery winnings taxed...
Short form. 39.9% of every dollar gone in federal tax. IRS takes 25% rest is due by you at tax time, states take taxes too. Some states do not withhold tax.
http://www.kiplinger.com/article/ta...-tax-you-ll-pay-on-your-lottery-winnings.html

Federal tax, State tax, Medicare tax, Social security tax, local and excise taxes too.
http://www.bloomberg.com/news/articles/2015-04-10/how-much-americans-really-pay-in-taxes

My personal favorite.

This page is posted as a courtesy to those who do not want to travel links.

Again, this information is there for anyone with eyes to see and count the taxes.


http://www.nowandfutures.com/taxes.html
How much tax do we really pay?


Item Rate Notes
Federal personal income tax 17%
(2011 est. - 18.2%) Top 39.6% rate. Source
State & local income taxes 10.1%
(2012 - 9.9%) State taxes range from 6.5% to 12.6%. Local taxes run from zero to 2.75%. Source, source, source, 2012 source
Sales tax 9.7%
(2009 - 10.3%) Figure is the average rate. State sales taxes range up to 8% and local taxes run from zero to over 5%. In 2010, state and local collections averaged $925 per capita.Source, source, 2008 source (broken link as of 2012), 2009 source 2011 source
Social security & Medicare 7.65% Total rate is actually 15.3% since half is paid by the employer, but we're ignoring that to be kind and to avoid being accused of being too political.
Federal and state corporate income tax share 2.5% Based on corporate taxes being approximately 1/6 of personal taxes, and that they are paid by individuals in the final analysis.
Property tax 2.5%
(2011 - 2.8%) Yearly average actual costs range from under $200 in Alaska to almost $1900 in New Jersey. State and local property taxes in fiscal 2010 averaged $1424 per capita, with a low of $539 in Alabama to $2819 in New Jersey) per the Tax Foundation. Source
Fuel/gasoline tax .5%
(2009 est. - .6%) Approximately 23% of the 2005 gasoline price is for federal & state taxes. The federal excise tax is 18.4 cents per gallon. Per the CPI, about 6% of the average budget is for transportation. Estimated. 2010 estimate, $.45 per gallon average. As of January 1, 2013, the lowest rate was 8 cents per gallon in Alaska and the highest was 50.6 cents in New York per the Tax Foundation.Source
Other 6%+
(2009-2013 - 8%+) Includes estate tax, fees, licenses, real inflation losses, inheritance, deficit allowance, gift, and others noted below. Estimated.

Here is what happened on January 1st 2014:

Top Income Tax bracket went from 35% to 39.6%
Top Income Payroll Tax went from 37.4% to 52.2%
Capital Gains Tax went from 15% to 28%
Dividend Tax went from 15% to 39.6%


Total tax percentage potentially paid by the well above average US citizen, 2005 - 53.2% *
Total tax percentage potentially paid by the well above average US citizen, 2013 est. - 58.5% *

* The total average tax paid is closer to 43%, since the figures above do not distinguish between taxes on gross and net income, nor do they adjust for tax planning and many other factors. Note also that the Tax Foundation's numbers are closer to 30% for the actual "average" US citizen, although items like inflation, employer's share of Social Security and Medicare, and various fee estimates are not included to the best of our knowledge.

Your real tax rate is higher than you think




Note 1: Inflation effects are likely quite understated - if actual inflation is 6% and one is only earning 4%. the tax rate is not the main issue.

Note 2: A major factor that intentionally isn't covered (for political reasons) is a fuller picture of medical care and taxes. Most of health care is paid by the employer as of 2011 and results in a higher tax rate overall - we estimate it as at least 5%.

Note 3: This page is not intended to be definitive and completely accurate on tax rates and issues - to do so would be virtually impossible considering all the factors. Its primarily intended to show a fuller picture than is normally presented.

A partial list of the various ways in which citizens of the US are taxed:

• Accounts Receivable Tax
• Building Permit Tax
• Capital Gains Tax
• CDL license Tax
• Cigarette Tax
• Corporate Income Tax
• Court Fines (indirect taxes)
• Deficit spending and debt servicing (Fiscal 2011 state and local debt per capita was $9184)
• Dog License Tax
• Federal Income Tax
• Federal Unemployment Tax (FUTA)
• Fishing License Tax
• Food License Tax
• Fuel permit tax
• Gasoline Tax
• Hunting License Tax
• Inflation
• Inheritance Tax Interest expense (tax on the money)
• Inventory tax IRS Interest Charges (tax on top of tax)
• IRS Penalties (tax on top of tax)
• Liquor Tax (Spirits, wine and beer)(From zero per gallon in Vermont to $34.22 in Washington for spirits)
• Local Income Tax
• Lottery (Fiscal 2011 per capita average was $59)
• Luxury Taxes
• Marriage License Tax
• Medicare and Medicaid Taxes
• Property Tax
• Real Estate Tax
• Septic Permit Tax
• Service Charge Taxes
• Social Security Tax
• Road Usage Taxes (Truckers)
• Sales Taxes
• Recreational Vehicle Tax
• Road Toll Booth Taxes
• School Tax
• State Income Tax
• State Unemployment Tax (SUTA)
• Telephone federal excise tax
• Telephone federal universal service fee tax
• Telephone federal, state and local surcharge taxes
• Telephone minimum usage surcharge tax
• Telephone recurring and non-recurring charges tax
• Telephone state and local tax (Cell phone state and local tax rates in 2013 range from 1.85% in Oregon to 18.67% in Nebraska)
• Telephone usage charge tax
• Toll Bridge, Tunnel and Road Taxes
• Traffic Fines (indirect taxation)
• Trailer Registration Tax
• Utility Taxes
• Vehicle License Registration Tax
• Vehicle Sales Tax
• Watercraft Registration Tax
• Well Permit Tax
• Workers Compensation Tax

Oil industry profits are less than the taxes they pay

History of Federal Individual Income Tax Rates

Income & corporate taxes by state

State tax rates






Source: Tax Freedom Day from the Tax Foundation

 

Maybe I do throw em sometimes. But it's ok.

The calculations were ok, but the more I thought about the impact of Personal Conveyance and That of empty miles etc it's such a huge wrench tossed into the works. It's a glass house i have built with those two figures on the mileage work sheet.

The Shipper and Reciever will get away with paying little to nothing if people let em. There has to be a way to protect the income of the drivers. They bought the 40K pounds of widgets and then hire people to deliver same widgets. But no one as of yet thought about going out and getting themselves the widgets.

There used to be a advantage to shippers and recievers when they have own the equiptment out right to move the freight around wherever it might be USA, Canada shipping overseas airfreight etc etc etc. (Half of which could be called into Uncle Sam's Military service at any time.,..) I cannot recall what they were tonight.