Uber, Lyft Drivers go on strike in major cities.
Lexus Champion
Joined: Apr 2007
Posts: 11,041
Likes: 98
From: Southeastern PA
My city's main taxi provider launched an app about 6 months after Uber showed up here. But they still struggle, and actually they just (last week) announced a partnership with Uber to be the sole provider of the "UberTaxi" network. I don't think the lack of an app is "mostly" why they were getting crushed. In my opinion, taxis got crushed because they offered a horrible experience (old cars, rude drivers, poor car conditions) at a premium price. To take a taxi from the airport to my house costs me $65. An Uber is $32 to $36. A town car is $80 including gratuity. Why would I ever choose a taxi?
Pole Position
Joined: Mar 2014
Posts: 3,354
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From: fl
In addition, you would need all the local taxi companies to get together on one app. If I needed a different app for every independent taxi company, it would defeat the purpose. Maybe company X has a cab nearby, but company Y is 20 minutes away. If you use Uber or Lyft, you are using the same app no matter where you are in the world.
Lexus Test Driver
Joined: Sep 2016
Posts: 8,575
Likes: 391
From: PA
Along these lines I've been bragging about how we got this new system Concur and I like it, I am the man and I make all my reservations now. My buddy this weekend said huh? Been using that since about 15 years ago. lol
Lexus Fanatic
Joined: May 2012
Posts: 68,631
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From: Maryland
To be clear, the new tax laws have NO impact on how self employed people deduct their business expenses from their income. None. The tax law has no impact on whether or not its "worthwhile" to drive for Lyft, nor does driving for Lyft have any impact on your personal deductions whatsoever.
Also, Lyft doesn't provide any sort of year-end summary or tax forms, which makes matters worse.
Last edited by SW17LS; May 9, 2019 at 12:06 PM.
Moderator
Joined: Nov 2016
Posts: 9,606
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From: GA
You're not understanding the way self employed people deduct their business expenses from their taxes. Being married or having personal deductions doesn't have anything to do with it. You can ALWAYS deduct your business expenses from your self employment income prior to that income being subject to your personal deductions (be that your standard deduction or itemized personal deductions). You can deduct those expenses into a loss as a matter of fact.
To be clear, the new tax laws have NO impact on how self employed people deduct their business expenses from their income. None. The tax law has no impact on whether or not its "worthwhile" to drive for Lyft, nor does driving for Lyft have any impact on your personal deductions whatsoever.
They provide a 1099, and they file one with the IRS they have to by law. The 1099 shows the gross income paid to the driver by Lyft. What else would they provide? The Lyft driver keeps track of all their expenses on their own, like any other self employed person would.
To be clear, the new tax laws have NO impact on how self employed people deduct their business expenses from their income. None. The tax law has no impact on whether or not its "worthwhile" to drive for Lyft, nor does driving for Lyft have any impact on your personal deductions whatsoever.
They provide a 1099, and they file one with the IRS they have to by law. The 1099 shows the gross income paid to the driver by Lyft. What else would they provide? The Lyft driver keeps track of all their expenses on their own, like any other self employed person would.
Yeah, I would have guessed the same thing. My wife and I sat down and looked at it together because I didn't believe it.
Ah, thanks for the explanation.
I was a little hasty in typing the app part. I forgot that taxis are more.expensive
I was a little hasty in typing the app part. I forgot that taxis are more.expensive
My city's main taxi provider launched an app about 6 months after Uber showed up here. But they still struggle, and actually they just (last week) announced a partnership with Uber to be the sole provider of the "UberTaxi" network. I don't think the lack of an app is "mostly" why they were getting crushed. In my opinion, taxis got crushed because they offered a horrible experience (old cars, rude drivers, poor car conditions) at a premium price. To take a taxi from the airport to my house costs me $65. An Uber is $32 to $36. A town car is $80 including gratuity. Why would I ever choose a taxi?
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