Everyone's tax level is different due to other income. I'm not a tax expert, but here's the IRS rules [https://www.irs.gov/taxtopics/tc409](https://www.irs.gov/taxtopics/tc409)

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U have to ask the IRS, I’m sure they bring out the pros for my book 😅

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Shit we need to do something but I'm fucked and illiquid and now the IRS wants more money so I might have to sit and watch on the sidelines with my Terawulf calls and injured DJT puts. Rough time lately!

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I am 100% a regarded peasant I just don't fuck with the IRS

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The fucked up thing is even if they made "$100k" (which I don't think happens even in the Top 5 cities these days, maybe only in the early years of Uber/Lyft could that even be remotely viable for 18-hour days?), self-employment taxes are significant so they'd be taking home only like $65k or something And having to pay health-care, extensive auto insurance premiums, probably running their car into the ground. If someone could drive for 12 hours a day, 300 days a year, 30-miles per hour on average, that'd be like 108k miles or as the IRS would call it a $72k expense to vehicle maintenance/deprec cost. Granted IRS isn't perfect but it's honestly not a bad approximation for business and accounting management. At least you could write that off on taxes to some degree though so maybe the tax burden wouldn't be as bad, but still $100k -$72k = ??? for 3600+ hours of labor is not even minimum wage and definitely not worth all the piss jars lol But yeah absolutely people who think they're big shots at this stuff aren't looking at their whole picture.

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Yeah it's actually gotten worse the past few months with increasing flood of newly unemployed people trying to earn some money and Uber taking increasingly larger cuts from the pie. Peep some of these recent ones from /r/uberdrivers https://preview.redd.it/jrcqw0ou9xyc1.png?width=1170&format=png&auto=webp&s=373dfef1ddaba7f7a879b08bc03a7b72131d964f [https://preview.redd.it/52yaypmh2ayc1.jpg?width=1170&format=pjpg&auto=webp&s=fb7f6069f3e1c384d5507e4931cb633ede61d475](https://preview.redd.it/52yaypmh2ayc1.jpg?width=1170&format=pjpg&auto=webp&s=fb7f6069f3e1c384d5507e4931cb633ede61d475) This is less than the IRS Mileage Reimbursement rate, literally Uber is paying giggers negative money according to the IRS. Once you start properly accounting for expenses: health care, car insurance (and you'll *need* the Cadillac option), depreciation, fuel, downtime, tires, auto loans, return trip time, etc most will probably be somewhere between losing money to sub minimum wage.

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IRS better give me my write off!!! *Loss of Love Deduction - Form 808 Heartbreak*

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