Based on 2500mi/wk, the cost of all expenses is ~$1.50 per mile, right?

Mic drop

 

I’m well over 2 a mile if you want to do it right. 2500 a week is running way harder than what I want to. I calculate my per mile rate at 2200 which is easily done. I want to get to where I don’t run but 4 days a week but for now I’m chasing $…….

 

I’m at $1.70 a mile for expenses running power only. I’m also only running around 1000 miles a week. Note that this does not include my wage, but every single expense pertaining to the truck and business.

 

I'm not referring to "paying oneself a wage" since that is not an expense. $1.50 - $1.70 seems legit. Even if you already own a truck outright, there is still depreciation and repairs which are higher when the truck has more miles on it.

 

If paying yourself a wage isn’t an expense then what is it?

 

It is a tax gimmick.

 

Paying yourself a wage is Only needed for payroll tax savings.
Looking at it as a real expense is practically senseless. The money changes your business account and enters your private account but you are still the owner of the same money.

 

If they include every expense then how is not limited to in play?

 

My cost per mile is $42 per hour and .96 cpm.

I'm more of an expense than anything else. Ask my wife.

 

that’s why there is a C Coro or S corp.

paid off equipment. Cost of operations is lower than 1.50 not including my salary.