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FedEx Discussions
Independent contractor routes that net over 1,000,000 a year
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<blockquote data-quote="dmac1" data-source="post: 1849369" data-attributes="member: 60252"><p>The standard rate can trick you too. A lot of miles and you get a big savings on tax, which makes your net income look higher even though your truck is worth a lot less. Most fedex vehicles will cost more to operate than the standard deduction allows. If you take the standard deduction, you can't deduct insurance, fuel, maintenance, or depreciation. Still say that net income alone means little without all the proper context.</p></blockquote><p></p>
[QUOTE="dmac1, post: 1849369, member: 60252"] The standard rate can trick you too. A lot of miles and you get a big savings on tax, which makes your net income look higher even though your truck is worth a lot less. Most fedex vehicles will cost more to operate than the standard deduction allows. If you take the standard deduction, you can't deduct insurance, fuel, maintenance, or depreciation. Still say that net income alone means little without all the proper context. [/QUOTE]
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Independent contractor routes that net over 1,000,000 a year
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