Do not drive for PSM One Inc.

Or you can work for a respectable carrier that pays you on a W-2 like they should and doesn't look for every excuse to not pay you your hard earned money.

They need drivers if anyone wants a dream trucking job:

http://www.thetruckersreport.com/tr.../221652-psm-one-inc-hiring-otr-drivers-2.html

They hold two weeks pay as a "deposit."

 

Unfortunately its hard to find a respectable carrier that will pay you over 40 cent per mile, especially on W-2. Big w-2 companies pay very minimum (plus wont give you over 200-2500 miles a week), but they give you good equipment, insurance and other benefits. Small companies give you much better paycheck, any miles you want, but they dont have new trucks plus its 1099. Honestly its hard to say what is better - make $800 a week, driver legally new truck and have benefits or make $1600, run really hard (but still safe) and have no benefits.

 

They are out there you just have to look. Or get a local job that pays hourly. There are companies that pay $20 an hour with overtime after 50 and on W-2. I'd take that over a $1,600 a week, run til you are almost dead, 1099 BS "job."

First off it's illegal to pay somebody on a 1099 when they are in fact an employee driver. You (the driver) are at the losing end of this scheme. You may think you're making more but come tax time next year you're holding the bag for all income earned the previous year. So that couple grand you might have saved up all goes to the IRS. While the company writes off all monies paid to you (the supposed "independent contractor") and makes off like a bandit. Not to mention you are not paying into social security, have no worker's comp, no unemployment insurance, and definitely no health insurance. What good goes that $1,600 a week do you if you find yourself sick and end up in the hospital for two weeks? Since you have no health insurance because the company you drive for a shady fly by night 1099 outfit you're stuck holding the $45,000 medical bill. That $1,600 a week doesn't do you much good now.

I'd rather make less, be classified like the employee I am, and have benefits.

 

I pay about $189 for my health insurance and company withdraw $40 each week for employment insurance which covers everything that happens to me while I work and covers days off when Im not working because of injury.
I only wish they could give me paid vacations (at least 2 weeks a year) and give me brand new Volvo instead of 2006 Century, but Im use to it already. So, I say better drive 3000 miles a week, make $1400 paycheck and buy insurance yourself instead of making less than a grand and have some cheap benefits. Its just my opinion.
Also, if have EIN number (that was a mandatory, I wouldn't be hired otherwise), you can write off A LOT at the end of year, I paid around $1200 for my taxes last year (made over $70k). I dont really see what Im losing here. If I get sick - I got health insurance. If I brake my arm or something at work - that 40 bucks a week for occupational hazard insurance covers it. At the end of week, when I get back home with decent check - my family is happy and thats what matter to me the most.

 

That's still $160 a month you're wasting on occupational hazard insurance as your company should be paying that. $189 a week or month for health insurance? $70k income and paid $1,200 in taxes? Your accountant must have some great "tricks" up his sleeve because that just doesn't add up. How much can you write off if you don't own your own truck?