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Trucking Industry And Truckers Are Taking A Hard Hit Since Last October
Aug 22, 2019 12:32:37   #
woodguru
 
Sometimes your early warnings of something comes from sources you may not like, but then a few weeks or months later the thing being covered early gets a more widespread media coverage.

https://www.alternet.org/2019/08/truckers-are-facing-a-bloodbath-in-their-industry-and-its-turning-many-in-the-pro-trump-group-against-him-report/

The right wants to represent tax cuts as a good thing, and don't or won't recognize that they have not helped a lot of people. My wife has a small business...two veterinary clinics, one in Sacramento, one here in Diamond Springs, the elimination of write offs that are actual business expenses increased her tax hit between taxes owed and increased healthcare by $12,000. Fortunately she keeps a cash reserve of about $8000 so she was able to cover it. Most families are in deep trouble if they get hit with unforseen expenses like that of a few thousand dollars.

As this article is pointing out, truckers lost per diem and other write offs that hit them with unexpected taxes. Tax cuts hurt many, helps many with miniscule differences, and gave the wealthy an uneeded bonus that did nothing for the economy except a brief stock market boost.

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Aug 22, 2019 13:00:53   #
Liberty Tree
 
woodguru wrote:
Sometimes your early warnings of something comes from sources you may not like, but then a few weeks or months later the thing being covered early gets a more widespread media coverage.

https://www.alternet.org/2019/08/truckers-are-facing-a-bloodbath-in-their-industry-and-its-turning-many-in-the-pro-trump-group-against-him-report/

The right wants to represent tax cuts as a good thing, and don't or won't recognize that they have not helped a lot of people. My wife has a small business...two veterinary clinics, one in Sacramento, one here in Diamond Springs, the elimination of write offs that are actual business expenses increased her tax hit between taxes owed and increased healthcare by $12,000. Fortunately she keeps a cash reserve of about $8000 so she was able to cover it. Most families are in deep trouble if they get hit with unforseen expenses like that of a few thousand dollars.

As this article is pointing out, truckers lost per diem and other write offs that hit them with unexpected taxes. Tax cuts hurt many, helps many with miniscule differences, and gave the wealthy an uneeded bonus that did nothing for the economy except a brief stock market boost.
Sometimes your early warnings of something comes f... (show quote)


Alternet? Do you ever read anything but ELWNJ sites?

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Aug 22, 2019 13:09:20   #
woodguru
 
Liberty Tree wrote:
Alternet? Do you ever read anything but ELWNJ sites?

News is where you find it, and of course you have to sort through whether there is a spin or it covers facts.

Look up the facts they are reporting in terms of trucking statistics...I have two friends that were independent truckers, they gave their trucks back to the bank and got a job with a bigger company. They had been barely making it and the changed tax filing rules capped them. They were losing money owning their own trucks anyway, but they were attached to the "independence" they felt. Now they are actually bringing home a paycheck.

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Aug 22, 2019 13:16:33   #
Liberty Tree
 
woodguru wrote:
News is where you find it, and of course you have to sort through whether there is a spin or it covers facts.

Look up the facts they are reporting in terms of trucking statistics...I have two friends that were independent truckers, they gave their trucks back to the bank and got a job with a bigger company. They had been barely making it and the changed tax filing rules capped them. They were losing money owning their own trucks anyway, but they were attached to the "independence" they felt. Now they are actually bringing home a paycheck.
News is where you find it, and of course you have ... (show quote)


You only look in one direction for news.

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Aug 22, 2019 13:36:05   #
woodguru
 
Liberty Tree wrote:
Alternet? Do you ever read anything but ELWNJ sites?


I read all types of information including FOX, it allows me to sort out articles with spin and those sticking to facts. Often the form of spin seen is simply not including coverage of unfortunate facts.

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Aug 22, 2019 13:51:33   #
Blade_Runner Loc: DARK SIDE OF THE MOON
 
woodguru wrote:
I read all types of information including FOX, it allows me to sort out articles with spin and those sticking to facts. Often the form of spin seen is simply not including coverage of unfortunate facts.
If you already know the facts, why do you need to sort anything out?

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Aug 22, 2019 13:52:35   #
Liberty Tree
 
woodguru wrote:
I read all types of information including FOX, it allows me to sort out articles with spin and those sticking to facts. Often the form of spin seen is simply not including coverage of unfortunate facts.


You only believe and post leftwing spin posing as "facts".

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Aug 23, 2019 06:10:48   #
Tug484
 
woodguru wrote:
News is where you find it, and of course you have to sort through whether there is a spin or it covers facts.

Look up the facts they are reporting in terms of trucking statistics...I have two friends that were independent truckers, they gave their trucks back to the bank and got a job with a bigger company. They had been barely making it and the changed tax filing rules capped them. They were losing money owning their own trucks anyway, but they were attached to the "independence" they felt. Now they are actually bringing home a paycheck.
News is where you find it, and of course you have ... (show quote)


Same thing here.
Driver did ok, but I had a stack of truck checks for 50 cents.
Weren't worth cashing.
Thank God we had cash to keep us going and I finally told my husband, we're selling this thing.

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