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Taxi drivers significantly under report earnings for tax purposes. They always claim close to minimum wage. You'll find the same in every cash business.
by brador 14y ago
Taxi drivers significantly under report earnings for tax purposes. They always claim close to minimum wage. You'll find the same in every cash business.
- macspoofing 14y agoProbably, but I can guarantee you that the vast majority don't make a lot of money.
- JackFr 14y agoPresumably they're making more than their next best alternative.
- ajays 14y agoI once asked a cab driver how much he made (in SF), and after humming and hawing, he implied that he made close to $90K/year, mostly tax-free. Take it for what it's worth (sample size == 1), but there are a lot of people who would love to be driving a cab in SF. Cab drivers who rent the cabs pay $300 for an 8-hour shift on weekends (Friday evening - Saturday morning), and still manage to make enough money to make it worth their while.
- untog 14y agoTaxis (in New York at least) are definitely not cash businesses these days. A lot pay by card.