Just found your channel. I like what I hear. You don’t sugar coat anything. Thank you.
@BigMoney23223
7 ай бұрын
They need to go after these con artists who force new drivers into a lease, and don’t let them deduct a single thing from their taxes. And at the end of the year they have to foot the bill for 200-300k in income. As the scumbags who own the truck get every cent deducted for free. Quit with the big promises government, and start there
@NLD88000
7 ай бұрын
Absolutely...that wildbeard over there at hirsbalch...scam...in my opinion
@shaydesofblue2281
7 ай бұрын
Agree. I was one of the victims of this. But I did a walk away lease less than a month. My net was too low.
@ukayhemi6385
7 ай бұрын
That’s why you don’t do company 1099, do W-2
@F150customs
7 ай бұрын
Nobody forced you to lease a truck. You chose that. Run your own authority. That is the only real way to truly own your truck. Otherwise you are paying to have a job
@fullcircleessentials
7 ай бұрын
💯
@jasonjanssen2533
7 ай бұрын
If they want to help or protect the owner operator, they could lower the cost of fuel.
@thomascarrolljr.5015
7 ай бұрын
Prime is going to need to shit or get off the pot. Go 100% contractor or 100% company. Your right about its all about the money. You can't have it both ways. I was 1099 with a company that was in the same business as mine and eventually they changed to ALL contractors and their business was suddenly selling franchises and NOT performing the work. You are a franchise owner directly competing against company workers for $$. Call it what it is.
@7viewerlogic670
7 ай бұрын
Just found this channel and subscribed. First impression is no B.S. here.
@fr8sk8r
7 ай бұрын
Thank You 7!👊
@JohnnyJenkins
7 ай бұрын
Absolutely right. It’s important to focus on the fact that they’re lieing, it’s not about helping workers. It’s about getting more taxes from workers to take from people. Taxation is theft to begin with. And they have ruined our economy, our country, stolen our land, raged war on us and beyond. So people should have the right of self determination to work under a business rather than employment (indentured servitude). This is stuff they dont teach in school. W2 is an obligation to pay tax. They want the wealthy elites to not pay taxes legally and the working class to get screwed into genocide. If you’re for W2 employment over 1099 you’re either a fool, young and dumb, or not smart. You have the right to operate as a business. To use your contracting work to fund side hustles even if it’s as small as trying to sell a T-shirt. Or compete in a tournament that use to be a hobby. Then use the tax code to level up in life. The fact folks want W2 shows how brain washed people are. They either don’t understand the benefits or they can’t turn 1099 to benefit them. Show the government the middle finger when u legally don’t pay taxes unless you want to. That’s why generations have no wealth to pass on. That’s why your kids will own less & less & less & less. Matter of fact everyone should have the option w2 or 1099. There are perks either way but they don’t want that to happen because we’ve had a lot of people wake up, get pissed off, more people today are entrepreneurs than ever and more people understand tax avoidance is legal and tax evasion is illegal. So they have to stop their slave from leaving the plantation. Free the people!
@Dee-no3sn
7 ай бұрын
With a 1099, you still to pay file taxes if you make $600 dollars or more. You can have federal taxes withheld from your taxes now or pay taxes owed later during tax season.Either way, you still have to pay.
@shaydesofblue2281
7 ай бұрын
W2 - automatically tax payers 1099 - manually tax payers Btw in general speaking, not every company opened for 1099. Some people get there for experience and save up to before going the 1099 route. It's a safe maneuver for those who can't start a business right away.
@JohnnyJenkins
7 ай бұрын
@@Dee-no3sn u don’t get it. 1099 deducts business expenses. That’s how the wealthy and many business owners pay little tax. And we can choose how much we want to pay in taxes. W2 u can not
@wv8404
7 ай бұрын
If prime is controlling where u go gives u ur routes with no control or truck is stuck with one company sounds like it will affect lease ops.. its all about government getting more money they dont need so they can send more n more over seas. Hopefully you all will get a load board cause that would change things. But like u said itll be awhile before all lawsuits go through
@McCartyAcres
7 ай бұрын
Under primes numbers gives them the power/control. We get up to three offers without a load board option a real one not the load choice thing we are capped on revenue. If our truck isn’t negative we see the lower paying loads. Prime gets the depreciation on the trucks for the lease term. Now as a team I use to get 11k or more. Going on the first three weeks in a year and a half I see 6k-8k. Why a team truck is only getting five day loads for 3k miles. Idk I told dispatch I needed better revenue guess how that goes lol 😂 my truck pays off in May bet I won’t see an extra 48k a year
@McCartyAcres
7 ай бұрын
@@Trendsetta_2000 my first five years were great the last year has been one of the worst years I’ve had in trucking out of ten years driving it’s dumb lol have to have multiple streams of income to make it to the end of my payments 😂. But I’ll hang.
@GeorgeWDaws
7 ай бұрын
Great information and video thanks
@michaelharton8712
6 ай бұрын
California v fed ex. Look up that court case. Tells you everything you need to know
@PickleFlopper
7 ай бұрын
Any person employed by a motor carrier is exempt from the FLSA ruling. However, the issue is whether an O/O or IC must pay themselves as W2 employees of their own company.
@missmothertrucker
7 ай бұрын
Awesome video! We need to get our trucks paid off by the 18 month mark
@ogdriver5334
7 ай бұрын
You'll also need your own authority.
@Brett235
2 ай бұрын
@@ogdriver5334with insurance rates as high as they are right now for new authorities I don't know if it's worth it. Not to mention some of the brokers won't touch a new company with no safety record. It's just the way it is.
@JustinReed-lv1gc
6 ай бұрын
Just got my license a year ago… so thanks for the heads up…
@hottraxx713
7 ай бұрын
Yup I watched the video he's referring to and as far as the trucking industry goes, I think this is going to SHUT DOWN some of these stupid foreign companies that hire all drivers as independent contractors and not employees. They're doing Tax Evasion plain and simple and based on the 6 factors we are misclassified emoloyes
@vincentvangro
6 ай бұрын
So you like paying the government 25% of your check? Hmmm Not too bright.
@samuelcantley5500
7 ай бұрын
Get rid of socialism
@Me-nm9vn
6 ай бұрын
National debt has been ridiculous for the last 26 years
@alberthill6025
7 ай бұрын
Thx for info. Hope to meet you in March. Already put in for the new 2025 Volvo 860 500hp 1950 torque. Success said they working on it.
@fr8sk8r
7 ай бұрын
Congrats Albert! God Bless! Keep me posted!💪👊
@MythLeatherCo
7 ай бұрын
Lots to unpack here. But for example, you can’t throw a guy in a truck and pay him on a 1099. This happens across many industries, Not just trucking. And it IS in a persons best interest to be paid and protected as a W2 employee, if their classification truly is an employee….
@Mrnotnice24
7 ай бұрын
I see where you are coming from but if I go from 1099 to w2 my income basically drops by 60 percent
@Mrnotnice24
7 ай бұрын
@wwltd3036 I don't understand what you are asking. Are you asking what is the tax difference between W2 or 1099? The way how 1099 works if depends how you set up company. Some ppl do a schedule c where after expenses that's the amount they get taxed on
@ChrisL-oz4lp
7 ай бұрын
@@Mrnotnice24 That's because you didn't pay your 30% self-employment tax.
@Mrnotnice24
7 ай бұрын
@@ChrisL-oz4lp I definitely pay my 30 percent tax
@Mrnotnice24
7 ай бұрын
@@johnj8840 if you are w2 you only get paid .42 cents per mile and you aren’t guarantee 3000 miles a week so again how is that a full of it?For my situation if that happens my income will drop I’m speaking for myself not others.
@Unduplicatable
7 ай бұрын
“FMCSA” stands for “Federal Motor Carrier Safety Administration”. Considering it is not a legal requirement to be an experienced CDL-A Holder (with all primary endorsements), the FMCSA should lose its title as “FMCSA”! The FMCSA is *NOT* anything like the FMCSA should be!
@ChrisL-oz4lp
7 ай бұрын
IMO, Prime is going to do one of two things; 1. You'll be offered employee positions. 2. You'll be routed to Springfield and handed your walking papers.
@armandbroxton1879
7 ай бұрын
With this being just under a month away, I doubt lease ops are going to be affected by this in part because like one other comment pointed out, the trucks are leased through Success Leasing and not Prime. When I left Prime and took the truck, I was given a direct point of contact at Success Leasing for anything to do with the truck. I could be wrong and maybe Prime does the above but, I would like to think this would've been announced sometime ago.
@ChrisL-oz4lp
7 ай бұрын
@@armandbroxton1879 Since Prime hasn't stated anything yet, I'll stand with my original post.
@JQURNEY
7 ай бұрын
Neither is going to happen ! This only affects companies that offers lease through there company since success leasing is a second entity to prime nobody will be affected prime was smart in setting it up that way , same as other companies like Schneider with SFI
@ChrisL-oz4lp
7 ай бұрын
@@JQURNEY You are not an independent contractor if you perform services that can be controlled by an employer (what will be done and how it will be done). This applies even if you are given freedom of action. What matters is that the employer has the legal right to control the details of how the services are performed.
@JQURNEY
7 ай бұрын
@@ChrisL-oz4lp Agreed , but after talking with several drivers in the industry and some known reputable one’s it seems as this is only targeting companies that had a lease option that was taken advantage of drivers or companies that had companies drivers operating as lease drivers through how they pay them and everything! I know it’s going to affect a lot of those Russian companies that’s out of Chicago for sure we gone see as I said I don’t think anything is going to change since success leasing is a separate entity from prime it self!
@chipingersoll2791
7 ай бұрын
Terry of the Tim Travels @timtravels116 channel is a Prime driver who used to be an attorney that did business law. He also did an insightful video on this topic.
@DaveDeluxe
7 ай бұрын
100000% This is not about safeguarding anyone!!!!!! Government WANTS THEY MONEY…PERIOD
@DAViDD767
6 ай бұрын
Nah. Government wants to TAKE ALL YOUR MONEY and leave you scraps to get by.
@charlesyarian9053
6 ай бұрын
According to my bookkeeper, and tax professional lady, this wont affect any of my operations. I operate a Heavy Haul and Recovery outfit. When I'm not busy with that, I have one of my lightest and shortest wheelbase trucks leased to another company that I personally dive. I have a full time shop guy, and a few part time guys that work for me when we do Heavy Haul and Recovery jobs. It gives them something to do during their retirement years, besides listening to their spouses nag at them. Thanks for the info.
@488ci
6 ай бұрын
Up here in Canada working in the oil patch driving a work truck over 1ton we have to follow all of the rules truck drivers do. Elds, scales, time on and time off and we are not truck drivers or do we want to be truck drivers. Small contractors are not paying their taxes and the government wants their money and the big companies sometimes get the tax bill there subcontractors didn't pay. These ELDS are monitoring everyone who has one and the government wants it's tax money. Everyones freedom is gone.
@bensanders7392
7 ай бұрын
Is this the manifestation of Cali AB5 basically going federal?
@ChrisL-oz4lp
7 ай бұрын
No, this and AB5 are IRS rules in classifying IC vs employee.
@412hwc
7 ай бұрын
it wont affect anybody....even lease ops. the companies alot of lease guys drive for technically lease tha equipment from a "different" company and if your set up as and LLC with an S corp status u will be cool. allllsssooo man this shit gon drage out through tha courts for years with alot of lawsuits....i wouldnt stress it ome bit believe that. buuuut if anything this might give u guys a loadboard🤷🏼♂️ this jus hurts companies like super ego and guys with mc numbers jus running round and 1099 themselves instead of a legit business
@ChrisL-oz4lp
7 ай бұрын
Wanna bet?
@412hwc
7 ай бұрын
@@ChrisL-oz4lp so your telling me u actually believe that what 29 days you will be a company driver?? that is if u sint already...
@matt89108
7 ай бұрын
@@412hwc I doubt there is any other choice but O/O with authority and company driver.
@jerrawhittaker3194
6 ай бұрын
Lease purchase operators without your name on the title will be employees of the company they lease from
@MsSlimAngel
7 ай бұрын
Dude we here for the truck'g info not ur persinal family vacation... wasted minutes
@roxmattern60
7 ай бұрын
Let's get Bidens take on this since he drove a big 18 wheeler
@Edward-tm1dm
6 ай бұрын
It’s NOT THEIR MONEY IT’S OUR AND YOUR MONEY. You earned it and I earned it so it’s ours not the f’n governments,they did nothing to earn any of it. They don’t do their jobs.
@blkcobra03
7 ай бұрын
Hey Fr8sK8R, love your channel. You are partially correct regarding "THEY" want their taxes. The question is who is "THEY." THEY is not the government. "THEY" is the Federal Reserve Bank which is not part of the United States of America. It is a private banking cartel owned by elite bankers (Rothchild's, Rockefeller's, Warburg, etc). The so-called government does not run off of taxes collected. They run off of loans received from the Federal Reserve Bank who prints money out of thin air and charges the government interest on those loans. 100% of federal income taxes goes to the Federal Reserve Bank to pay the interest on the loans made to the govt/corp. That interest is pure PROFIT to the elite bankers. They know the end of the dollar is near (maybe 1-5 yrs) so they want that missing tax revenue from 1099 individuals as soon as they can which is why we are seeing this change in employee/IC out of the blue. They didn't have a problem with the classification the last several decades but all of a sudden they have to do something about it and do it NOW! As FDR once said, anything done by government is not by accident. They know more and more people are waking up to what government is. I believe in 1984 Reagan had a commission look into where the tax revenue goes and not one nickel went to fund the government. The CORPORATION called the UNITED STATES, INC. is acting as the government. See Title 28 USC 3002 Section 15(a), United States means "Federal Corporation." Keep up the good content.
@johnlucas8924
7 ай бұрын
A lease operator is not a independent contractor they are a glorified company driver
@bensanders7392
7 ай бұрын
International cruises....but, there ain't no money in trucking right huh?
@ChrisL-oz4lp
7 ай бұрын
VISA
@fr8sk8r
7 ай бұрын
We’re very Blessed that for sure!
@fr8sk8r
7 ай бұрын
Don’t assume or judge others so quickly!!🤬….it was actually an AMEX😳😂
@ChrisL-oz4lp
7 ай бұрын
@@fr8sk8r SWEET!! AMEX=Better points!
@ShootersShoot17
7 ай бұрын
It’s more for going after the gig economy
@Pokerhead1776
7 ай бұрын
Idk I think it’s just another way for the government to put the squeeze on the small business owner. Even the owner ops are being slowly pushed out. With ever rising business expenses. Heard the new insurance minimum will be raised to 1.5M in order to operate a CMV. Just seems like they want everyone to be a unionized company driver/ employee.
@chipmckeefery6779
7 ай бұрын
Right now that 1.5 M insurance is just in New Jersey but you can bet it'll become nationwide soon. Not sure if it's just Jersey based carriers or anyone who does business there. May need to look deeper into that.
@Pokerhead1776
7 ай бұрын
@@chipmckeefery6779 I have a friend that runs with his own authority and he says it in order to do business in NJ. Crazy
@monitor1725
6 ай бұрын
It is not "their" money.
@chrisvoda6696
7 ай бұрын
It’d be nice if we stop givin billions to other countries 😒
@peter8040
7 ай бұрын
80 % of the went by before we half ass what you talking about.
@Harleylvr
6 ай бұрын
I really wish you’d do more videos. There are some fellow Prime driver pages I think are complete tools. You’re not one of them. Your channel has great potential with your style!
@fr8sk8r
6 ай бұрын
Thanks Trucker Vet! I really appreciate it and enjoy your time and interest more than you know!
@ronportillo3851
6 ай бұрын
You have to pay taxes no matter what suck it up
@jerrycoggin9434
7 ай бұрын
One more step towards socialism
@kiamccarthy7612
7 ай бұрын
Amazon does all of this call us contractors
@ChrisL-oz4lp
7 ай бұрын
The contractors at Amazon have their own authority. (peer to peer) I contracted with them for 3 1/2 years, $2.92/mi, 100% drop and hook.
@henryblanton6992
7 ай бұрын
Who are the Appropriate Lawyers to Contact about these Matters and Issues Concerning Employees or Owner/Operators Compensation in the Trucking Industry?
@godsok1
7 ай бұрын
It won’t change anything in trucking it’s been looked at before to many big companies making to much money! I think it would be good if they got rid of leases purchase because they are bad for drivers it’s a rip off
@Bob-gn8ph
6 ай бұрын
Luke 21:36 KJV
@samuelcantley5500
7 ай бұрын
Let me explain something to you I'm retired I had a phone bill for Metro it was $60 because I paid cash they charged me $70 because he wanted my bank account number to take money out of my bank T-Mobile and Metro when I get punished for Pain by cash because I don't give him my bank number what's wrong with this country
@jimmyhunt9081
7 ай бұрын
When I became a driver, early 90's...Veteran drivers were talking about a nationwide stoppage..Its the only answer fellas... Obviously, it doesn't matter who's in office.
@johnnycray4427
7 ай бұрын
Nah, a class action lawsuit would do the job
@pastordavidmaclellan
6 ай бұрын
Thank you
@Rayzer2368
7 ай бұрын
They don’t call them the rich men north of Richmond for nothing. 🤷♂️
@russellbell7580
7 ай бұрын
Great stuff, it's not their money it's are money. There would be no them without use.
@gilmac111
7 ай бұрын
Another one... Another app, Another useless thing... among another 1000 apps... Bla, bla, bla
@SixDaysOTR
7 ай бұрын
Hey, we need to help ukraine! 😂😂😂😂
@Me-nm9vn
6 ай бұрын
As far as taxation, 1099 employees pay taxes as well as W-2 employees
@scottic920
7 ай бұрын
Independent contractor has absolutely no rights i have employer who owes me 20k only way to get it is proof in courts
@theamericanfamily9251
7 ай бұрын
First of all, it's not their money they work for us.
@blkcobra03
7 ай бұрын
They don't work for us. They work for the corporation called the UNITED STATES, INC. See Title 28 USC 3002 Section 15(a), United States means "Federal Corporation." These public officials are employees of the corporation. If you are employed at McDonald's, do you work for the customers or do you work for McDonald's?
@Leslie-mw2zu
6 ай бұрын
You are right. It's easier to get your tax from a brick and mortar location.
@samuelcantley5500
7 ай бұрын
Just shut him down not one of us can do this we all got to come together and shut it down
@zooman1445
7 ай бұрын
Trucking is not part of that because cpm is hard to figure out
@TwoCents690
7 ай бұрын
They'll make a ton of money on fines before it gets cleared up.
@terryfairway1097
7 ай бұрын
Remember this all came from doordashers wanting benefits.
@matt89108
7 ай бұрын
Has Prime put anything out to you guys?
@armandbroxton1879
7 ай бұрын
Nothing's been said and I'm a lease op right now.
@fr8sk8r
7 ай бұрын
Nothing Yet. I imagine they’re probably trying to plan the correct approach to the situation
@matt89108
7 ай бұрын
@@armandbroxton1879 I would think this is one of those times you need to ask.
@liferoller8935
7 ай бұрын
The only change I see at prime would be a load board because I just listen to the people processes and it sounds like prime has covered itself it toes the line but hasn’t crossed over it but it’s close
@trell-px7qi
7 ай бұрын
Can prime avoid this by going to a straight brokerage?
@ChrisL-oz4lp
7 ай бұрын
JB acquired BNSF brokerage, who now controls more than half of the freight in the US....and growing.
@trentcox5024
7 ай бұрын
Think California AB5 law. It is absolutely about tax and wanting to unionize the trucking labor force.
@ChrisL-oz4lp
7 ай бұрын
Actually, this is an IRS rule, so is AB5.
@blkcobra03
7 ай бұрын
@@ChrisL-oz4lp IRS is a COLLECTION agency for the Federal Reserve Bank. I will be surprised if they get away with this since I believe it will affect commerce which is governed by the Commerce Clause which I believe is a BS clause to begin with but it is what it is.
@roli787
7 ай бұрын
Hey does Prime do lease with NJ residents?
@bethrodz1328
7 ай бұрын
Hi there, I feel qualified to answer your question 😅, I had to drive company for Prime because I had a New Jersey license, I live in Missouri now and have a Missouri license and I've been leasing since last month. New Jersey doesn't allow leasing.
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