Questions about Maverick's lease program here.

When you are figuring your profit is that after all expenses, ie social security,
depreciation on the truck and any other expense that you have to pay as an independent business person?

 

I know what it is...I was wondering if you included all of your expenses. Many o/o that I talk to never include ss, truck depreciation, workmans comp when they are talking about how much they are making.

 

So after taxes you are not making much more than a company driver..and if you have a spouse hopefully they will be able to provide MED insurance if not now another expence and you are NOW making a whopping 20cpm

 

But it's $.44 per mile plus tarp pay plus fuel bonus plus breakdown pay plus vacation pay. Last year came out to $.49 sorry forgot to add stop pay. Not to put you down if it works for you that's great. I used to have three trucks but insurance health costs and low rates that's why I got out. For me this way I get my standard deduction plus my per diem on top of that so I saved about $22,000 from taxable income. If I own my own truck and do an itemized I would have to pay taxes on 10,000 income more than I do now. Don't get me wrong in about two more years I will buy another truck. Just so I could slow down at work when I want need to make just enough to pay for my health care and some pocket money. I'll pay cash for the truck and I have no bills everything I have is pay for. And I don't need to worry about replacing the truck figure me and the truck will quit at the same time I'm getting old.