Trying to make up my mind.
Discussion in 'Questions From New Drivers' started by Myoneload, Jan 30, 2013.
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Yea your right, I guess I just won't to pay the bills and make family happy. I made a little over 25000 this year and it don't pay the bills, so I figured if I'm going to be gone for 2-3weeks I would want to make more than that. Sure dont won't any accidents either. Just really want to see the country and maybe get lucky enough to take the wife out on a run someday.. I've got a couple three weeks to make up my mind they have classes every two weeks. So I got to come up with 500.00 for starters guess that will have to come out of tax refund.. Got to get cdl permit and dot physical Bo is just a little high on bottom number but I took one 18months ago and passed it..
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Millis says they start at 34cpm, that's prett good for starters isn't it? 1 week vacation after 6 months and PCM increases every year..
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I meant cpm increases..
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When they assign you a truck are they in pretty good shape or ragged out on the inside? Most of the ones I've seen from millis look pretty good passing by.
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How about per dime? Is that extra pay you get?
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I am living paycheck to paycheck. I am getting some tax money back so I was going to put up enough to cover the bills until I get thru training. I rear some of the per diem stuff but I guess I just don't understand it. Looks as if it is saying they pay you by the mile plus extra to eat on and stuff is that right?
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per diem is popping up a lot lately on the board. if you have a choice whether or not to take it...DONT. the company will EITHER take away x cpm pay and replace it with x cpm per diem pay, or they will take away x cpm and give LESS cpm per diem pay, claiming one or more cpm as an administrative fee. the fee is just plain legal theft, and each 1 cpm will cost the average otr driver $1250 per year. the per diem pay itself REPLACES your ability to claim the $59 per day on your itemized tax return. of course, im sure there are drivers out there that still use the $59 per day deduction on their tax return, but its not legal, and if you get audited, its easily caught. the average driver working a full year will see ABSOLUTELY NO benefit from per diem pay. if you are out 315 days per year (the average i came up with, representing staying out 7 days per week 45 weeks per year, which accounts for home time) it does not matter whether you are single, married filing separate, or filing jointly. you WILL be able to itemize deductions, and thus 80% of $59 per day will be deductable for meal allowance. if you take per diem, you probably will not be able to itemize and do better than standard deduction (unless you do it illegally as i mentioned b4).
so EVEN IF the company charges no fees and gives you per diem in exactly the same amount as they take away in taxable income, it WILL NOT benefit you, period.Myoneload Thanks this. -
I'm not exactly sure on the per diem myself so I don't want to give you the wrong information. However, my understanding is that for most companies that use it, it's more of a benefit to them than it is to you. It might mean less money on your pay taken out for taxes but it also means you get less money for social security, worker's comp and things like that. It also can hurt you when applying for a mortgage or other high value loans as it would appear that you make less money than you actually do.
Also, when you file your taxes, you are allowed to claim a certain amount per day for expenses anyway.Myoneload Thanks this.
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