CPM or forced per diem pay at May?

Discussion in 'May Trucking' started by Oaktown, Feb 4, 2013.

  1. Oaktown

    Oaktown Light Load Member

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    Dec 19, 2012
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    Applying with May.

    Wondering if you guys are on CPM plan forced per diem or what?

    So save those reciepts there telling me?

    Thanks
     
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  3. Paloma

    Paloma Medium Load Member

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    May 15, 2012
    Portland, Oregon
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    Dont let them pay you per diem .. That is a tax right off for You. May will take the tax right off if ya take their per diem pay ... But, for some its ok.

    just my opinion.
     
  4. Russjac

    Russjac Light Load Member

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    Apr 3, 2012
    Las Vegas
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    I am on per diem right now for the larger checks each week instead of taking the money back at tax time. However, if I end up staying for more than a year I will go to CPM because per diem lowers your reported income, which screws up things like workman's comp, social security, loan approvals, ect.

    For me it is a short term thing, long term you are better off with CPM.
     
  5. old timer123

    old timer123 Light Load Member

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    Jan 29, 2013
    Villa Ridge,Mo.
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    per Diem is a corrupt system used by the trucking companys to defraud the goverment in obtaining tax free money from the per diem of which was created to benefit the drivers.Opinion of myself and many other truckers.10-4
     
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  6. Paloma

    Paloma Medium Load Member

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    May 15, 2012
    Portland, Oregon
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    Not really true with loans and so on. You need to show them yer actual gross, not your net.

    just like me, am an owner op .. What I gross and what I net are off by over 100k a year. But i got my loan for this truck on what I grossed.

    Looks good on loan app that gross (and can prove by settlements) is almost 200k .. The bank was like .. Please, sign here ..lol
     
  7. Scooter Jones

    Scooter Jones Road Train Member

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    Does May have forced per diem?
     
  8. Paloma

    Paloma Medium Load Member

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    May 15, 2012
    Portland, Oregon
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    No .. But they push it on newbies telling them they make more money .. May wants that Tax Write Off .. Thats for the Drivers.
     
  9. Scooter Jones

    Scooter Jones Road Train Member

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  10. Paloma

    Paloma Medium Load Member

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    May 15, 2012
    Portland, Oregon
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    Scooter .. Who ya run for?
     
  11. Scooter Jones

    Scooter Jones Road Train Member

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    A small company on the coast. We only have 50 company trucks and about 100 O/O..
    I run lumber south to L.A. then beer or wine back up to the NW.
     
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