If you’re only driving 100,000 miles a year you are with the wrong company. Unless you were just using that number for argument sake. But if you take the per diem and add in the new adjustable income you get you will pay almost no taxes. I don’t know about you but I would like to keep my money. Plus you can’t itemize anymore as a company driver. Just my opinion.
Why do companies charge drivers for per diem?
Discussion in 'Experienced Truckers' Advice' started by A Bug, Jan 29, 2018.
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But you are right, I forgot about all the tax changes coming. New marginal rate of 12% I think it is. So then doing per diem will lose me money in the future, I should go turn it off. -
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We're all getting a pork job from the govt, they just keep the system twisted
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Furthermore, why would you want to give away 2 cpm back to a company who will throw you under the bus at the first minor incident?Toomanybikes Thanks this. -
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I often hear the terms "a little bit" and "slightly less" used a lot when discussing per diem. This is hardly the case in some configurations. Often the per diem amount is roughly 1/3 the "real" amount. If I took per diem option at my company a $66k year would be downsized to about a $42k year. Hardly peanuts. I can accomplish the same thing (tax liability reduction) by itemizing and not penalizing myself later down the road in life.
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