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Having more drivers on the road benefits ride-share companies, but drivers profit from surge pricing and scarcity in their ranks.
For 54% of drivers, profit per hour is less than 2016 minimum wage in their state.
For 41% of drivers, profit per hour is less than 2016 minimum wage in their state.
For 54% of drivers, profit per hour is less than 2016 minimum wage in their state.
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These numbers suggest that approximately 74% of driver profit is untaxed.
"(1) Help make an open, honest and public assessment of the range of ride-hailing driver profit after the cost of acquiring, operating and maintaining a vehicle.
"(1) Help make an open, honest and public assessment of the range of ride-hailing driver profit after the cost of acquiring, operating and maintaining a vehicle.
While Zoepf has said a "thorough" revision of the research will take "a few weeks" he has published an initial assessment of the net hourly ride-hailing driver profit distribution using two new methods — both of which bump up driver median profits (to $8.55 per hour; and $10p/h, respectively).
While Zoepf has said a "thorough" revision of the research will take "a few weeks" he has published an initial assessment of the net hourly ride-hailing driver profit distribution using two new methods — both of which bump up driver median profits (to $8.55 per hour; and $10p/h, respectively).
Per the researchers, that drastically decreases the amount of taxable income drivers need to report, to the extent that an estimated 74percentt of driver profit ― representing billions of dollars ― is going untaxed.
Researchers also noted that, because nearly half of drivers can declare a loss on their taxes by using the IRS' standard mileage deduction rate, it seems possible that billions of dollars in driver profits may go untaxed.
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