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Road use taxes are $0.7/mile? For break even purposes if you are not making anything you should not be paying anything in income taxes.Originally Posted by Orangetxguy
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I can add it up for you.
Let's say the expenses are $2950/mo(expenses for which I have costs listed) plus $5333 fuel.
He only needs to make $1.04/mile.
Your dad might be lucky to break even at $1.825 per mile. MAYBE!
Originally Posted by charged
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I was hoping you would prove yourself wrong.Originally Posted by BigDiesel
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authority ?
taxes ? .07 cpm
maintenance ? .13 cmp
other? .25 cpm
truck and trailer payment $2000
insurance $700
phone $100
internet $50
load boards $100
no tolls
no oversize loads
no parking
figure gas at $4/gal and mpg at 6mpg including idle time wishful thinking.
figure he runs 8k miles/month Does he plan on only working local?
Wages (Rookie driver) .335 cpm (because he owns the truck)
What does this driver have to make per mile to break even?
Looking for others to do YOUR homework I see.... :lol:
Originally Posted by charged
Lets take an owner operator that has the following monthly expenses:authority ?
taxes ? .07 cpm
maintenance ? .13 cmp
other? .25 cpm
truck and trailer payment $2000
insurance $700
phone $100
internet $50
load boards $100
no tolls
no oversize loads
no parking
figure gas at $4/gal and mpg at 6mpg including idle time wishful thinking.
figure he runs 8k miles/month Does he plan on only working local?
Wages (Rookie driver) .335 cpm (because he owns the truck)
What does this driver have to make per mile to break even?
I can add it up for you.
Let's say the expenses are $2950/mo(expenses for which I have costs listed) plus $5333 fuel.
He only needs to make $1.04/mile.
I have no idea if $0.13 if valid for maintenance, but I have nothing else so I can go with it.
Other is pretty high at $0.25/mile. What are you including in that figure?
Adding $1.04, $0.13, $0.07, and $0.25 I get $1.49.
$1.825-$1.49 = $0.335
Where did you get the other $0.335 from?