crete | 12-23-2014 | comment profile send pm notify |
Any one ever been paid by percentage of sale or anything like that? Or to owners out there has anyone did the same or pay after expenses type of thing? |
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Todd | 12-23-2014 | reply profile send pm notify |
Yes I was paid a % based on invoice total in the early 80's and if i used my own truck the percentage went up to I think about 50%. The problem was the IRS did not like the way it was done and it caused problems. This was for line pumps only. |
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Doug | 12-23-2014 | reply profile send pm notify |
All the trailer pumpers in So Cal were paid on a precentage in the 70's when I started until some time in the 90's. We supplied the truck were paid up to 60% of the bill at one point. That largely changed when the IRS put the liability for payroll taxes on the employeer. Too many pumpers didn't run a business or pay their taxes and the IRS came back on the pump company for years of payroll taxes. We made a lot of cash and thought we were rich. We had new 4x4 trucks, dirt bikes, high dollar stereos, you name it. Top guys made $1,000+ per week with no withholding, but we really didn't make any money after we paid for a truck, bought all the fuel and paid our taxes. We just didn't know our costs. |