Schneider chat room - Closed see new thread linked in the last post

And its not negative its a reality u have to look at both sides #### some weeks I do really good others are ok and once or twice ive broke even

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No you don't. If your a co driver you would pay taxes off the gross but your not paying taxes for the gross as a 0/0. That's silly

 

Think about it. If your paying 20% off of 3000 a week then your paying $600 a week in taxes. No business pays off the gross amount. Wrong and negative post is what gives leasing and 0/0 a bad rap

 

Maybe im saying it wrong when u receive your net settlement from Schneider the total of what u made that week before they deduct everything that's what u pay taxes on so that would be your gross

quad core project butter smoothness

 

Why is that silly to pay taxes on what u made before deductions?

quad core project butter smoothness

 

I'm I wrong, I thought if your leasing your not paid on a w-2. but are your own company, where you would make qtr tax payments based on net income, at least that is how my company works.

 

I see what your saying now ok let me try this again ok you dont pay taxes weekly like a co driver does u pay quarterly with that being said I waw told by my atbs rep that what u pay is based off your gross every week not net

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Does that make more sense then before?

quad core project butter smoothness

 

Yes if you pay yourself the 1000 from your business then that 1000 is gross earnings and you pay your quarterly off that. I live in tx and with all my kids I would set $210 in another account to send to mr tax man.

 

you pay taxes on gross but use deductions to take the amount down