You have to remember that you want your TAXABLE income as small as possible, write offs are part of the equation to make that happen.
O/O Pay
Discussion in 'Ask An Owner Operator' started by natanishe, Sep 18, 2016.
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True enough. But after all those write offs and other goodies that are available, the net was still in the $80K range for me. It won't be at the end of this year, because of other ways to move money so as to limit tax exposure.
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And that, my friends, is why we choose to be O/O's over company drivers. Being a business person has advantages and I choose to embrace the flexibility associated with owning my own tractor and trailer.
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The flexibility to say screw you, I'm going home...................and I'm taking my toys with me!
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I didn't mean to insult anyone. I'm a baby in the truck world compared to you guys. I want to o/o one day as I'm already good with money. I clearly didn't understand that o/o guy I was talking to at the truck stop is all.
I apologize if I said anything out of line guys.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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