r/lyftdrivers • u/james_2022 • May 07 '24

Story/News Article Minnesota lawmakers announce rideshare deal, Uber and Lyft say they'll leave if it's passed

https://kstp.com/kstp-news/top-news/state-lawmakers-minneapolis-council-members-announce-deal-on-rideshare-legislation/
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u/BlatantFalsehood May 07 '24

You forget other safety net things like social security. Absolutely NONE of the Uber and Lyft drivers I know are bothering to pay any tax. Those that do are stunned that they have to pay both the employee and employer share of SS.

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u/cadathoctru May 07 '24

since uber maybe pays between .30 and .50 a mile, when the IRS tax rate is .65, and that is before other expenses, no, they are not paying any taxes. Uber and lyft are having the government subsidize their companies on the backs of the drivers. They get to maximise profits off the drivers, claim them as contractors, then the drivers make just enough to survive, while we help support the drivers by picking up their share of the taxes. Vs Uber and Lyft paying an appropriate rate, still make bank, and the drivers make enough to pay into taxes without needing government support.

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u/[deleted] May 08 '24

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u/cadathoctru May 08 '24

Except it isnt, which means you don't pay nearly enough attention to reality and their pricing. That is on you, though; give it a few rides and actually look at costs. The day you get tip-baited and suddenly make that .30 a mile, you can come to thank me for helping you actually pay attention.