You don't really get 44.5 cents. At tax time you get to reduce your taxable income by 44.5 cents times your business miles. If you're like most of us and pay roughly 25% in taxes, you end up with about 25% of 44.5 cents = 11 cents per mile.
If your car gets 25 mpg and gas is $2.50 a gallon, gas costs you 10 cents a mile and Uncle is paying your gas plus a penny a mile.
This is why when I'm not busy I don't hesitate to take the jobs that are out too far for the other guys.
The bottom line for \'05
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Re: The bottom line for '05
In my first two months November and December I did close to a thousand dollars. This is with no marketing whatsoever. I was just getting my paperwork submitted to the networks for spring and they started calling me. Word has been getting out and I've got high hopes for this year. Already have return customers callingme that the networks initially sent me. I have nothing bad to say about insurance work.
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