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Forum » Uber driver said he makes "so much money"... so I did math....
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Thread: Uber driver said he makes "so much money"... so I did math....

post 1696987203 01-26-2024, 12:12 PM
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Originally Posted By HMFIC_BROWSIN⏩
Just read the replies ITT, and you will see that almost nobody knows what you're talking about.



Yes, where do you buy a car that costs literally $0/mile to drive?
The cost of the car doesn’t make a difference to the tax man. It’s gross profit and mileage, nothing more nothing less.
post 1696987333 01-26-2024, 12:15 PM
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Originally Posted By baldbrah⏩
The 67 cents per mile is how much you get to subtract from your taxes owed if you take the mileage deductible instead of itemizing. Why would you subtract that from his income when it's actually in addition to his income.

Add the $201 to his bottom line he actually made $501. Then you subtract what he paid in gas. If it's a car that gets 30mpg for 600 miles he used 20 gallons of gas so $60.

501-60 = $441 in his pocket. Not great but not terrible for 6 hours of work.
Pretty sure gas is a write off and per diem.
post 1696987443 01-26-2024, 12:19 PM
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Originally Posted By MikeLowrrrey⏩
Pretty sure gas is a write off and per diem.
If you don't use actual expense method gas is included in the 0.67/mile standard rate.
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post 1696987463 01-26-2024, 12:20 PM
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Originally Posted By chrsschb⏩
There is a LOT of bad information in here holy hell. Real business owners and people that drive for a living know just how fukking stupid Uber/Lyft are.

If you're not in a big city driving during peak hours (thus more money) you're basically working for free.
Uber is way way better than fast food and warehouse work though. I'm not knocking the hustle at all.
post 1696987523 01-26-2024, 12:22 PM
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Originally Posted By Eatforgains⏩
The cost of the car doesn’t make a difference to the tax man. It’s gross profit and mileage, nothing more nothing less.
So you would agree that the driver is getting completely fuked in angus when you factor in the cost of putting miles on his personal car?

It seems like the general consensus among miscers is that cars are free.

Do you all just drive your moms car?
post 1696987543 01-26-2024, 12:22 PM
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Originally Posted By MikeLowrrrey⏩
Uber is way way better than fast food and warehouse work though. I'm not knocking the hustle at all.
Sure bud. I'll admit I'd rather do just about anything than work fast food again, but warehouse work usually pays better, has benefits, and is low stress.
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post 1696987903 01-26-2024, 12:33 PM
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Originally Posted By chrsschb⏩
Sure bud. I'll admit I'd rather do just about anything than work fast food again, but warehouse work usually pays better, has benefits, and is low stress.
You've never worked in a warehouse then, at least not a real one. Work at Walmart/Amazon/Home depot and let us know how you feel then.

Uber you can work your own hours, that a lone beats out most entry low paid jobs.
post 1696987943 01-26-2024, 12:34 PM
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Originally Posted By OliverHeldens⏩
Have you ever been self employed before? A 1099 employee writes off 67 cents per mile on his taxes. It's only based on his mileage. If someone who is an Uber driver has high mileage, it means he's earning a lot of money. You must be a little slow.
The government doesn't give you money for write offs. They deduct it from your total income so that you don't pay taxes on the portion you deduct. The OPs calculation was correct the driver will just pay lower taxes on his $16.50 per hour than a normal $16.50 per hour worker makes.
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post 1696987993 01-26-2024, 12:35 PM
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Originally Posted By HMFIC_BROWSIN⏩
So you would agree that the driver is getting completely fuked in angus when you factor in the cost of putting miles on his personal car?

It seems like the general consensus among miscers is that cars are free.

Do you all just drive your moms car?
No because let’s say he grosses 100k driving for the year and the total cost of the car is 20k.. now let’s say he gets 3 years out of the car doing that before he needs a new one. It’s not that bad tbh
post 1696988243 01-26-2024, 12:41 PM
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Originally Posted By HMFIC_BROWSIN⏩
So you would agree that the driver is getting completely fuked in angus when you factor in the cost of putting miles on his personal car?

It seems like the general consensus among miscers is that cars are free.

Do you all just drive your moms car?
The majority of Uber drivers are low credit score mouth breathers. They're too low IQ to realize that wear and tear on vehicle is a major expense for any 1099 or business owner -- but then again, this certain group is the type to bring $599 for a down payment and leave the car lot excited about a vehicle they'll prematurely run into the ground with excessive mileage all the while still paying 14% interest rate on a 6yr car loan.
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post 1696988303 01-26-2024, 12:43 PM
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Originally Posted By HMFIC_BROWSIN⏩
Just read the replies ITT, and you will see that almost nobody knows what you're talking about.



Yes, where do you buy a car that costs literally $0/mile to drive?
If the car note is $300/mo and insurance another $100/mo its pretty negligible when you are making $400/day. Plus $30 every 4 months for an oil change.

If you worked every day for a month that's what? 12k/month? Say 10k miles so you can write off $8600 tax free. Only paying income tax on 3400. So you're spending 1400 on car expenses, including fuel, but writing off 2k in expenses.

Is it the best job in the world? No. Can you make a living at it just driving around listening to tunes and talking to sloots? Sure.
post 1696988383 01-26-2024, 12:44 PM
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This might help OP's argument

....I, as well as my whole social circle....wont even take a regular Uber when we travel or are out of town....Uber XL or Black no matter how may people are riding even if it's just me.

Just imagine jumping into some plebs car to let them drive you somewhere, trusting them with your life in not only their low income vehicle, but with their low income mindset, thinking ability, decision making skills, the list goes on.....

It blows my mind how some people are ok with jumping into some 10 year old basic econobox at 2am to let some idiot drive you home.
post 1696988403 01-26-2024, 12:44 PM
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Originally Posted By MikeLowrrrey⏩
You've never worked in a warehouse then, at least not a real one. Work at Walmart/Amazon/Home depot and let us know how you feel then.

Uber you can work your own hours, that a lone beats out most entry low paid jobs.
By my count I've worked in 5 different warehouses which included maintenance, assembly, picking/packing, loading/unloading, and production lines. My daughter has worked at Home Depot for nearly 10 years. I have plenty of experience around warehouses, but thanks for your critical and informed deep dive into my life.

You wanna keep having a pissing contest or just admit you're not as knowledgeable on this subject as you think you are?
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post 1696988633 01-26-2024, 12:49 PM
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Originally Posted By Eatforgains⏩
No because let’s say he grosses 100k driving for the year and the total cost of the car is 20k.. now let’s say he gets 3 years out of the car doing that before he needs a new one. It’s not that bad tbh
How many miles would an Uber driver need to cover to get close to that $100k gross? Only slightly possible in a high cost living area which in turn equals higher gas prices.
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post 1696988783 01-26-2024, 12:55 PM
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Originally Posted By homersexual⏩
How many miles would an Uber driver need to cover to get close to that $100k gross? Only slightly possible in a high cost living area which in turn equals higher gas prices.
100 to 150 thousand miles depending on your area. This is big cities with surge pricing, not rural chit holes.

Anywhere else and you're literally writing off 100% of your income so at some point you're claiming a complete loss which as some of you know throws you into "hobbyist" territory for taxes and you'll get audited.

Most people too stupid to make Uber type stuff profitable in the long run and it's why majority of them are broke and have nothing to show for it or just do it for fun on the side (which are most definitely losing money)
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post 1696989673 01-26-2024, 01:22 PM
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Originally Posted By homersexual⏩
How many miles would an Uber driver need to cover to get close to that $100k gross? Only slightly possible in a high cost living area which in turn equals higher gas prices.
574 miles a day assuming a 5 day work week. 478 miles a day if it’s a 6 day week. This is an approximation, individual mileage may vary.


150,000 x .70 per mile

Ironically that would be a 100,500 tax writoff


This person would be paying taxes on 4,500 and would only owe like $450 for the year.
post 1696989933 01-26-2024, 01:32 PM
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Originally Posted By Eatforgains⏩
574 miles a day assuming a 5 day work week. 478 miles a day if it’s a 6 day week. This is an approximation, individual mileage may vary.


150,000 x .70 per mile

Ironically that would be a 100,500 tax writoff


This person would be paying taxes on 4,500 and would only owe like $450 for the year.
Realistically though they’d deduct their healthcare and owe nothing.
post 1696990393 01-26-2024, 01:45 PM
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Originally Posted By Eatforgains⏩
No because let’s say he grosses 100k driving for the year and the total cost of the car is 20k.. now let’s say he gets 3 years out of the car doing that before he needs a new one. It’s not that bad tbh
Brah..... In real life, with how much a car costs, in order to make $100k in a year, he would need to be actively driving passengers around for over 120hr per week.

In your fantasy world where cars are free, yes he'd be doing 'ok', but as my example shows, his expense eats up two thirds of his revenue, leaving him with about 33% of whatever of what's left before taxes.

No one has been able to name the make & model of these free cars you keep using in your math
post 1696990573 01-26-2024, 01:50 PM
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Originally Posted By Eatforgains⏩
574 miles a day assuming a 5 day work week. 478 miles a day if it’s a 6 day week. This is an approximation, individual mileage may vary.


150,000 x .70 per mile

Ironically that would be a 100,500 tax writoff


This person would be paying taxes on 4,500 and would only owe like $450 for the year.
You think you'll drive ~500 miles per day shuttling people around in your car? 10 hours averaging 50 mph? You must never have to stop and pick up passengers, get gas, eat, or piss.


If all of this was true, why are Uber-cels constantly complaining about how little they are paid. This thread makes me think I should quit my CEO 10K/day to drive Uber.
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post 1696990663 01-26-2024, 01:54 PM
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Originally Posted By TBO1313⏩
The government doesn't give you money for write offs. They deduct it from your total income so that you don't pay taxes on the portion you deduct. The OPs calculation was correct the driver will just pay lower taxes on his $16.50 per hour than a normal $16.50 per hour worker makes.
Yeah obviously I'm correct lol.

The fact we have multiple miscers in agreement that I am dead wrong shows why Uber actually has people driving for them.

Edit: actually if Uber drivers are 1099's, they will need to pay double social security tax so they would effectively be paying more taxes than a regular W2 employee who makes $16.50/hr.
post 1696990773 01-26-2024, 01:56 PM
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Originally Posted By Contribution05⏩
I assume the same is true of doordash/food drivers. But i recently started getting some people who are delivering on bicycles. I wonder if the ones on bikes complete enough orders in an hour to be decently profitable. On the plus side their job is a good cardio workout.
i think bikes get a tax break or something?

pretty sure a lot of uber drivers dont pay taxes anyway.

i didnt when i was doing it for a bit like 8 years ago
post 1696990963 01-26-2024, 02:01 PM
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Originally Posted By chrsschb⏩
By my count I've worked in 5 different warehouses which included maintenance, assembly, picking/packing, loading/unloading, and production lines. My daughter has worked at Home Depot for nearly 10 years. I have plenty of experience around warehouses, but thanks for your critical and informed deep dive into my life.

You wanna keep having a pissing contest or just admit you're not as knowledgeable on this subject as you think you are?
Uber >>> Warehouse work any day of the week. Your opinion vs the thousands of others who quit.
post 1696991243 01-26-2024, 02:07 PM
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Originally Posted By Cudabrah⏩
You think you'll drive ~500 miles per day shuttling people around in your car? 10 hours averaging 50 mph? You must never have to stop and pick up passengers, get gas, eat, or piss.


If all of this was true, why are Uber-cels constantly complaining about how little they are paid. This thread makes me think I should quit my CEO 10K/day to drive Uber.
Looks like 60 hours a week

post 1696991313 01-26-2024, 02:09 PM
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Originally Posted By Eatforgains⏩
Looks like 60 hours a week

That's damn good for 1 week of earnings with no education. Got to pay taxes and health insurance, but oh well.
post 1696991383 01-26-2024, 02:10 PM
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Originally Posted By Bigbuster1⏩
You left out car insurance and that you aren’t supposed to use regular car insurance if you’re driving Uber but are supposed to use a much more expensive car insurance since your acting as a common carrier.
Also food and drink for the journey, car cleaning products or paying for valet, paying for or cleaning the car exterior because no one is going to take a ride in some chitty looking Prius. Screenwash, consumables like headlight and indicator bulbs, brake discs and pads...It all adds up
post 1696991533 01-26-2024, 02:12 PM
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Myfrauddbrah made $350k in a year tho
post 1696991603 01-26-2024, 02:13 PM
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Originally Posted By MikeLowrrrey⏩
That's damn good for 1 week of earnings with no education. Got to pay taxes and health insurance, but oh well.
That's the point. You don't really pay taxes on it so it can work out better than a 9-5. Fuel and vehicle costs are more than covered along with a good portion of your tax bill. So you are only out of pocket for healthcare.

Compared to someone making 50 or 60k in a warehouse you'd be an idiot not to switch.
post 1696991893 01-26-2024, 02:21 PM
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Originally Posted By baldbrah⏩
That's the point. You don't really pay taxes on it so it can work out better than a 9-5. Fuel and vehicle costs are more than covered along with a good portion of your tax bill. So you are only out of pocket for healthcare.

Compared to someone making 50 or 60k in a warehouse you'd be an idiot not to switch.
You do pay taxes.

The write offs you get would be mileage, lunch, and phone.
post 1696992023 01-26-2024, 02:24 PM
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Negged OP for sh*tting on the unskilled workers of the world
post 1696992323 01-26-2024, 02:31 PM
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Originally Posted By MikeLowrrrey⏩
That's damn good for 1 week of earnings with no education. Got to pay taxes and health insurance, but oh well.
also need to account for the roughly $1623 in automobile expenses that it took to earn a REVENUE of $2,435.... Which would equate to about $812 of pre-tax income.
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