Originally Posted by GMAN: I was specific about the operating costs and the miles driven monthly. The break even # is $1.29/mi. Anything over that is what the o/o is making and may be taxable. If the guy makes $1.30/mi he has made $80 for the month and that may be taxable. If he makes $500/mi he has made $29680 for the month and that may be taxable. It is obvious if the o/o wants to eat he needs to make more than $80 so he better make a lot more than the break even. |
Originally Posted by charged: Originally Posted by GMAN: I was specific about the operating costs and the miles driven monthly. The break even # is $1.29/mi. Anything over that is what the o/o is making and may be taxable. If the guy makes $1.30/mi he has made $80 for the month and that may be taxable. If he makes $500/mi he has made $29680 for the month and that may be taxable. It is obvious if the o/o wants to eat he needs to make more than $80 so he better make a lot more than the break even. And hence YOUR faulty thinking Wonderboy. If the business is not paying wages from the start, it is already a failure. Food, ect, by IRS standard, are paid for, from driver wages. You seem to want to associate wages with profit. Wages are not paid by profit. Profit is what is left after all the bills are paid...and one of the major bills would be wages. Whether those wages are paid at a mileage rate of say 33.5 cents per mile, or a monthly salary of $2,850.00. GO AWAY BOY. |
Originally Posted by Orangetxguy: |
Originally Posted by Rev.Vassago: Originally Posted by Orangetxguy: I've come to the conclusion he is just one more idiot, trying to make us all look stupid. Like all those that run cheap, his DADDY will go under...IF in fact there is such a creature. |
I have a couple of friends who pay themselves a flat salary. One pays himself $2,000/month. The other pays himself $700/week. These costs are included in their operational costs. Anything left over after salary and other operating expenses is profit. Some owners pay themselves a salary based upon a mileage rate, as they would any other driver they would put in their truck. I understand what you are saying about the basic costs of running the truck, Charged. However, you fail to understand what we are trying to explain to you.
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Originally Posted by GMAN: I just want to know the base operating costs not including driver wages. It blows me away that no one can answer it. Since no one can answer I calculated it out as $1.29/mile and that figure is the one I will use from now as the base operating cost. Anything more than $1.29 the driver is making something anything less and driver is losing. |
Originally Posted by GMAN: |
Originally Posted by Orangetxguy: |
Originally Posted by charged: Originally Posted by GMAN: I just want to know the base operating costs not including driver wages. It blows me away that no one can answer it. Since no one can answer I calculated it out as $1.29/mile and that figure is the one I will use from now as the base operating cost. Anything more than $1.29 the driver is making something anything less and driver is losing. I am curious about why you want to use basic truck expenses as the basis for your break even point? Using your $1.29/mile cost factor, does that mean that your Dad will take any load that pay more than $1.29? |
Originally Posted by GMAN: |
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