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What are the worst states for loads for Owner Operators?

Discussion in 'Ask An Owner Operator' started by Power Meister, Nov 7, 2022.

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Jubal Early Times Road Train Member

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HoneyBadger67 said: ↑

I (or, rather, my wife) do my level best to NET as little as possible while GROSSing a fair amount. Since our property is zoned agricultural, it's a bit easier than if we lived in town. I fully expect to be paid no more than $36k (probably less) next year before taxes. My wife will be paid $12k before taxes. Considering fuel at current prices will be $60k for the year, trailer $8400 and then all the regular maintenance issues (and even the irregular ones) one might think I'm operating at a perpetual loss, and that's just the way I like it. I only drive about 2wks/mo and that's just how I like it. WE will receive a tax refund and the business looks (on paper) to be operating at a net loss. Red is a nicer color than black, sometimes.
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While I agree with you, the 87,000 new IRS agents will be looking at these things a lot more. I prefer to show a modest profit. It looks better if you need to borrow and I think it has less possibility of an audit. I could be wrong, idk. But yes expense off everything you can.

Jubal Early Times, Nov 8, 2022

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LtlAnonymous Road Train Member

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skallagrime said: ↑

Mine does vary as well as my mileage pay, but my goals are very different from many others. I want to work as little as possible.

Saying 5$/mile minimums and netting 250k, thats not the kindnof rate or dollars ive ever seen consistently, if it were, id be independently wealthy in the first year i owned a truck.

Of course, its possible youre simply being snarky, and i didnt pick up on it
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It's that last part.

LtlAnonymous, Nov 8, 2022

#32
skallagrime Road Train Member

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LtlAnonymous said: ↑

It's that last part.
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Thanks, in my defense, i was just waking up and only skimming

skallagrime, Nov 8, 2022

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LtlAnonymous Road Train Member

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skallagrime said: ↑

Thanks, in my defense, i was just waking up and only skimming
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Ohhh, been there. Lol

LtlAnonymous, Nov 8, 2022

#34
HoundDog7 Light Load Member

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HoneyBadger67 said: ↑

I (or, rather, my wife) do my level best to NET as little as possible while GROSSing a fair amount. Since our property is zoned agricultural, it's a bit easier than if we lived in town. I fully expect to be paid no more than $36k (probably less) next year before taxes. My wife will be paid $12k before taxes. Considering fuel at current prices will be $60k for the year, trailer $8400 and then all the regular maintenance issues (and even the irregular ones) one might think I'm operating at a perpetual loss, and that's just the way I like it. I only drive about 2wks/mo and that's just how I like it. WE will receive a tax refund and the business looks (on paper) to be operating at a net loss. Red is a nicer color than black, sometimes.
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Till you go to the bank and want to buy something.

HoundDog7, Nov 8, 2022

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Jubal Early Times Thanks this.
lynchy Light Load Member

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shatteredsquare said: ↑

but how long is the string
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Fold it in half,twice as long from the middle 8+)

lynchy, Nov 8, 2022

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HoundDog7 Light Load Member

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Why is OP speaking in riddles?

HoundDog7, Nov 8, 2022

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Diesel Dave Last Few of the OUTLAWS

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JoeyJunk said: ↑

Oh boy. Here we go again. How many times should we do this????????
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Trolls…..

Diesel Dave, Nov 8, 2022

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Siinman Road Train Member

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shanman said: ↑

If I only made 100k/year I sure wouldn’t put up with the bs being an owner operator.
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What if you only worked half a year? Money means nothing unless you know how much time it would take you to do it.

Siinman, Nov 8, 2022

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shanman Medium Load Member

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Siinman said: ↑

What if you only worked half a year? Money means nothing unless you know how much time it would take you to do it.
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If you read the first post it was 100k/year.

But what if an asteroid fell from the heavens and landed on my trailer and was solid gold.!?

shanman, Nov 8, 2022

#40

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