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Discussion Starter · #1 ·
So i finally finished my taxes, have all my numbers in,
$50,860 in gross revenue

The total amount I paid the cab company for the car/gasoline came in less than 40c a mile.

45,753 miles

$14473 in taxi lease

$2,394 in gasoline

16867 for 45753 miles,

36.86c per mile on the year driving a taxi,

Plus only $1090 in credit card processing

Total deductible expenses of
$18,985

With a taxable profit of

$31,875
(with the cab company making $15563 off me, and it's their car)

My take of all the money i collected was 62% of the meter/tips.
 
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