Quote:
Originally Posted by redpoint5
My guess is the lack of reporting taxable Uber income is nearly equal to the write off people would get if they did report their income, but deduct their business related expenses. Heck, they would probably get all of the money back earned from driving due to the considerable expenses. I call it a wash.
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I figured Uber would report on your behalf. Then remember you are self employed so you have to pay double social security and Medicare taxes, as well as whatever income bracket to reach working multiple jobs. My wife babysat her nephews for a few bucks so her sister could go back to work and the state and feds came after us for over 1/3 of the money plus the headache of an audit. My wife told her sister, keep your money, I'll watch them for free after that. Stupid to be honest and have the government suck money money from a poor single mom and a stay at home mom trying to help out a little.