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

Discussion in 'Schneider' started by TennMan, Dec 14, 2011.

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  1. Nakmuay

    Nakmuay Heavy Load Member

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    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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  2. Cheez

    Cheez Light Load Member

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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
     
  3. Cheez

    Cheez Light Load Member

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    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
     
  4. Nakmuay

    Nakmuay Heavy Load Member

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    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

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  5. Nakmuay

    Nakmuay Heavy Load Member

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

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  6. Knotme

    Knotme Light Load Member

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    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.

     
  7. Nakmuay

    Nakmuay Heavy Load Member

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    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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  8. Nakmuay

    Nakmuay Heavy Load Member

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    Does that make more sense then before?

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  9. Cheez

    Cheez Light Load Member

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    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.
     
  10. Wayneh74

    Wayneh74 Light Load Member

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    you pay taxes on gross but use deductions to take the amount down
     
    Nakmuay Thanks this.
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