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are you saying you have to pay for all the fuel you put in the vehicle and do not get that money back?
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Originally Posted by WildBob
emerlin,
I am responsible for fuel, but receive a generous fsc. |
Sounds to me like this is a situation that might be a good fit for some, but not others.
Even with the tax deductions and the FSC, and even if the I/C/driver is paid $.50CPM, I still fail to see any economic benefit. As an I/C, he has to pay self employment taxes of about 15.5%, worker's comp, travel expenses, etc. I agree with Asphaltbound, it sounds to me like an opportunity to subsidize someone else's business. |
Thanks for the feedback, guys. I'm not really worried about the tax situation since I've been an IC before. Anyway, this is just one option I'm exploring. But it is very tempting.
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Originally Posted by classicxl
are you saying you have to pay for all the fuel you put in the vehicle and do not get that money back?
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Originally Posted by Kintama
Originally Posted by classicxl
are you saying you have to pay for all the fuel you put in the vehicle and do not get that money back?
It sounds fishy, and many of the details have not been shown here. |
Originally Posted by Rev.Vassago
Originally Posted by Kintama
Originally Posted by classicxl
are you saying you have to pay for all the fuel you put in the vehicle and do not get that money back?
It sounds fishy, and many of the details have not been shown here. You pay to put fuel in YOUR truck; this isn't even his truck that we are talking about!! |
Originally Posted by Useless
Originally Posted by Rev.Vassago
Originally Posted by Kintama
Originally Posted by classicxl
are you saying you have to pay for all the fuel you put in the vehicle and do not get that money back?
It sounds fishy, and many of the details have not been shown here. You pay to put fuel in YOUR truck; this isn't even his truck that we are talking about!! Useless: as far as putting fuel in a truck that I don't own, I kind of see your point, but it all goes out the exhaust stack regardless of who owns the truck, doesn't it?. :) |
Originally Posted by WildBob
Useless: as far as putting fuel in a truck that I don't own, I kind of see your point, but it all goes out the exhaust stack regardless of who owns the truck, doesn't it?. :) I CAN see why a company would do things this way, and looking at the big picture, i don't wish to judge their motives or merits without all of the facts. I will say that I am skeptical here. |
Originally Posted by Useless
Originally Posted by WildBob
Useless: as far as putting fuel in a truck that I don't own, I kind of see your point, but it all goes out the exhaust stack regardless of who owns the truck, doesn't it?. :) I CAN see why a company would do things this way, and looking at the big picture, i don't wish to judge their motives or merits without all of the facts. I will say that I am skeptical here. My position would be that someone else (the client) IS paying for the fuel. They're just using me as the conduit. |
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