is this normal?

55% taken out in taxes? only thought the death and inheritance tax were that high

 

Wow - that's insane! That's like -- cashing in your 401K early tax...

 

You must be claiming zero exemptions . Claim at least yourself, and any eligible dependants.

Even at zero, that does seem high.

 

But don't you also have health benefits taken out??

Yep, I work "less than" 40 hours a week as a driver mind you (dedicated account), and gross $1,000.

even after my health benefits,

my take home is still higher than yours

now, I am as sure as can be, other drivers take home more than me, that's a given.

But when you look at your particular state tax base, then the Fed taxes, and any other "take out" from your gross, can anyone see why I say trucking is a losing proposition to even get into??

I have always stayed away from "over-time" work too when I could. The more OT I would work??

The MORE they took out, so much so, I may have worked OT for say 10 hours??

But only actually took home 5 hours of that!!!

 

Forgot

Did you have any deductions?? such as an advance or locks?

 

Starting out my company took money for a security deposit on the truck, in case I returned it in terrible condition. Not broke but super dirty, cigarette burns etc... stuff other drivers would do.

They also suggested the "lock kit" which was like $325 dollars for a trailer door lock, a kingpin lock and a glad hand lock. That was to be $25 a week. But I declined that... and bought all that for under $60.

I think there was another charge that I can not remember...

mikeeee