Thread: Uber
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Old 05-11-2019, 05:21 PM   #5
tw
Read? I only know how to write.
 
Join Date: Jan 2001
Posts: 11,933
A ten mile Uber trip might cost $15. Of that, Uber might take $5 or $8. A typical cost of driving ten miles would be greater than what the Federal Government let's you deduct - $5.80. So how much did that driver make in that half hour? Probably less than minimum wage.

How many have no idea how great their expenses and how trivial their profit margin? But then most without a grasp of the arithmetic only see cash. Cash flow rich and income poor. A common problem among those as arithmetically challenged as casino gamblers and consumers of lottery tickets.
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