Joined
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805 Posts
When you do the math
.77 per mile x 75%
- $0.535 mileage rate (gas plus wear on car as factored by fed)
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You're earning $.0425 per mile. Before you beat me with "it's just a deduction" I'll submit that the federal government lets you deduct that because they've determined it's how much YOU Spend/Lose to operate your car for a mile. That's not imaginary, gas costs money, oil changes and tires cost money, repairs cost money, and every mile you put on your car reduces its value. If anything, for most people it's actually probably worse.
Now... let's not forget our time is worth $0.12 per minute while on a ride. Well, not really... you're worth 75% of $0.12 per minute, or roughly you're worth a max $5.40 and hour... if you happen to be driving a pax that entire hour.
So to make min wage here in Ohio of $8.15 an hour:
Assuming you're driving a passenger 100% of that hour, 8.15 - 5.40 = $2.75 So at $.0425 a mile you have to drive 64.7 miles, basically 65mph for the entire hour.
So basically you have to pick up your passenger on the on ramp, drive an hour on the highway, and drop them off on the exit ramp..... then you will actually make the minimum wage.
----- Let's take a look at reality -----
Reality is, if you're driving in the real world, pax time during busy times is at best 45 min an hour, probably closer to 30.
To make min wage at realistic pax in car time, you have to drive 96-127mph with pax in car.
Mathematically this doesn't include driving to customers, factoring that makes it much much worse.
.77 per mile x 75%
- $0.535 mileage rate (gas plus wear on car as factored by fed)
--------
You're earning $.0425 per mile. Before you beat me with "it's just a deduction" I'll submit that the federal government lets you deduct that because they've determined it's how much YOU Spend/Lose to operate your car for a mile. That's not imaginary, gas costs money, oil changes and tires cost money, repairs cost money, and every mile you put on your car reduces its value. If anything, for most people it's actually probably worse.
Now... let's not forget our time is worth $0.12 per minute while on a ride. Well, not really... you're worth 75% of $0.12 per minute, or roughly you're worth a max $5.40 and hour... if you happen to be driving a pax that entire hour.
So to make min wage here in Ohio of $8.15 an hour:
Assuming you're driving a passenger 100% of that hour, 8.15 - 5.40 = $2.75 So at $.0425 a mile you have to drive 64.7 miles, basically 65mph for the entire hour.
So basically you have to pick up your passenger on the on ramp, drive an hour on the highway, and drop them off on the exit ramp..... then you will actually make the minimum wage.
----- Let's take a look at reality -----
Reality is, if you're driving in the real world, pax time during busy times is at best 45 min an hour, probably closer to 30.
To make min wage at realistic pax in car time, you have to drive 96-127mph with pax in car.
Mathematically this doesn't include driving to customers, factoring that makes it much much worse.