Per Diem CPM tax implications and other questions.

Discussion in 'Questions From New Drivers' started by Turtlelegs, May 29, 2022.

  1. THE CAT1MAN

    THE CAT1MAN Bobtail Member

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    Jun 10, 2022
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    Per diem lowers your reported income, therefore loans based on income might be denied. Furthermore, on per diem, your SS retirement amount will be lesser. In realuty, per diem mostly benefits the companies for which one drives, not the employee. Some companies deduct from 1 CPM to several CPMs to allow drivers per diem. So, tge companies pay much less to you, to your SS retirement fund, and keep more for themselves. It is a sham for the driver, but a jackpot for companies. When has the RICH (companies) given to the poor (YOU) unless it means more $$$ for THEM?
     
  2. Turtlelegs

    Turtlelegs Bobtail Member

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    Apr 15, 2022
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    I don't view paying less taxes as a negative. In fact I don't consider it a negative if my employer pays less taxes either. I don't view my employer as my enemy. If I did I would try to find another job.
     
    Redtwin and Bean Jr. Thank this.
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