I was thinking the same thing, what does a load board have to do with OTR? Lots of companies, even those with direct customer freight use load boards. And 11-12 hours of a 14 hour clock sitting, were you on duty the entire time? Sometimes that is just how it is over the road, with the sitting. The more I read about companies out of Chicago the more I question the legitimacy of their ads when I do see them places. Did they at least pay you the 62cpm they agreed to, or did they try to josh you around there, too?
Prime Logistics, run dont walk
Discussion in 'Report A BAD Trucking Company Here' started by barebear91, Jun 11, 2020.
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With Frank paying them a visit it might be an actual improvement to the gene pool! lolDale thompson and Lonesome Thank this.
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Not only that, in 2017 Trump gave 1099's a 20% pass through deduction on their net federal taxes.
.62 cpm is affordable for this outfit because they are saving around $8k in employee expenses which is past on to the 1099 driver. But now with the deduction you will come out ahead of the company driver.
The down side is the lack of benifits. But if your a young healthy driver who can learn how to invest, you don't need the paltry benefits most OTR offers.
Not saying this outfit is good but that 20% made working on a 1099 a better deal for someStringb8n Thanks this. -
You believe that crap if you want.
He's one hospital bill away from financial ruin
With no health insurance.
Young or old.
Better off with a 1099 job and invest their money. Lol
Invest what money, half the time they don't get paid
Anything.
They only work 1099 because they can't get a real job,
Or they want to steal money frm the government by
Not paying taxes, or both.
Half of TTR is 1099 guy being ripped off by
His company every way they can.
Never heard of a swift check bouncing.
You should be embarrassed to come on
This website and claim 1099 is better than
A company job.
After all the horror stories we get on a weekly
Basis about thee 1099 crooks. -
I might have thought similar in terms of bring home before the 2020 W-4 form came out. I changed mine to single. They took away allowance deductions. As an employee paid $850 on 40 hours, after my pissy little $30 pretax insurance deduction my federal withholding tax was only $65. I was dreading changing it at all thinking I was gonna end up bringing home something like $640. So with the new form and formula and all that they're only taking about 8% versus the 20% or more before for someone single with no dependents. I was blown away by that.
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I believe I said a better deal for some. Despite your limited knowledge from reading 1099 horror stories people are successful in many areas of business not being company employees including trucking. So no not embarrassed.
Plenty of drivers do just fine working on 1099's I worked on one back in the 80's & did just fine & had a real job delivering furniture & appliances & yes I have invested at least 10% to 25% of my income since I was in my early 20's.Lonesome Thanks this. -
see your looking at small picture, of 'if this driver'.
what irs looks at, is the larger picture. irs website very against misusage of 1099. if you are hired as employee you should be w2. fedex ground lost a many million dollar lawsuit over this topic. -
The mistake that companies make is wanting the benefits of classifying drivers as contractors while treating the driver as an employee. FedEx wanted performance pay & here's an example why.
My current company had a guy clocking 14hrs for the same rte everyone else did in 8-10. So they had someone follow him & found out he would take naps & go shopping with his wife on there dime plus it was OT because we get it after 8 & not 40.
Now the new hourly drivers are not given that rte because they don't trust them till they see how they work & they use contractors who are payed a flat rate to fill in. -
Boohoo
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And I see what you spend your time staring at.!
Lonesome Thanks this.
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