How much pay hauling hay?

I haven't personally hauled hay this way. I've bucked a lot of bales in the day for .02 - .10 per bale. But I used to know a few owner/operators who did years ago. I think that is high, but I have no facts to prove it. You realize if you haul on a percentage you are an independent contractor for tax purposes, right? You will receive a form 1099 instead of a form W-4.

You will have to make quarterly payments to cover Social Security/Medicare at .133 or 13.3% of your earnings. In addition, you will have to pay in to cover your federal and state taxes. Generally in this type of situation there will be no insurance or workmen's comp.

If you did make $1000 per week, you would need to pay about $1700 per quarter for SS/Med. That would be at the end of Mar, Jun, Sep and Dec. You need to seek professional tax advice to be sure you get it right.

I'm not saying it's a bad deal or don't do it. It's just that many who haven't worked like this end up in a real tax mess before they know what is going on.

 

hey you guys thank you im learning everyday little by little , but i dont know how you guys get your calculations, i would like to learn that. do ihave to get an accounting class ,thanks

 

Why would percentage pay make him a 1099? I get paid 25% as a company driver on w2

 

that poster must have misunderstood something, because there are a lot of company driving jobs not on a 1099 and getting paid %'s.

 

In what type of truck are you loading and hauling 64,000 lbs?

I handled a few broker loads of hay out of NM to get some flatbed guys into better areas... and didn't pay for crap. MAYBE a buck a mile.

 

I may well be wrong about the 1099. If that is the case, I apologize. I don't want to be giving misinformation and I certainly am not an expert on anything.

Every percentage type situation I am aware of, is that of an independent contractor. A couple of drivers just educated me - thanks. It still pays to ask 1099 or W-2, when offered a percentage. In addition, I would always ask about the other items I mentioned on any job.

One more thing I would ask about. Am I receiving a percentage based on the total load price or the transportation cost of the load?

As an old man, I have learned to question everything. I don't take disappointment well, so this approach serves me well.

 

I quit hauling hay about 5 years ago because there was no money in it. Most of it pays by the ton. I have been offered hay loads recently but there was still no money in it.

 

Every now and then I'll haul a load of hay outta new Mexico back to Florida as a backhaul, stacked square bales of alfalfa, bullrack packed full.. I dunno if it's different elsewhere, but it is paid by the ton and really not worth it, I'll only do it if I have to..