Celebrating 10 years! 2007-2017

140k Driving for Uber

I always heard the myth of the six-figure Uber driver. Toda bankofmouse07/30/18
I would think. And while I'm not familiar with Uber and pay jd4hire07/30/18
I have a friend who works a 9-5 then drives for 3 hours afte isthisit07/30/18
From that 138k you have to substract gas, insurance, car lea ternarydaemon07/30/18
You have to depreciate the car as well by allocating the cos guyingorillasuit07/30/18
He probably got some referral income. When drivers use someo 2breedbares07/31/18
You can do pretty well if you work weekend nights. A lot be tedandlisa12307/31/18
Good the content your share is commendable but something is vickytaneja12308/06/18
There’s clearly something amiss with this story. Earnings trickydick08/06/18
bankofmouse (Jul 30, 2018 - 1:31 pm)

I always heard the myth of the six-figure Uber driver. Today it was confirmed. Applicant for benefits had to submit tax returns and bank statements. Dude cleared 138k last year driving for Uber. I had to confirm, so I went through bank statements with fine tooth comb. Sure enough, weekly deposits from Uber ranging between 2k-5k. You must just have to drive 24/7 to make that kind of cash, right?

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jd4hire (Jul 30, 2018 - 3:09 pm)

I would think. And while I'm not familiar with Uber and payments to drivers beyond myth, I'd imagine he was 1099'd, had to pay taxes, and there was no payment for depreciation of his vehicle or fuel consumed.

I have a friend from high school who drives for Lyft and Uber. Seems like his driving all the time and he is certainly not rolling in the dough.

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isthisit (Jul 30, 2018 - 3:52 pm)

I have a friend who works a 9-5 then drives for 3 hours after work and all day Saturday/Sunday. He clears around 700 a week doing it.

He's not exactly making a killing but it supplements his income as a legal assistant.

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ternarydaemon (Jul 30, 2018 - 4:51 pm)

From that 138k you have to substract gas, insurance, car leasing and other expenses.

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guyingorillasuit (Jul 30, 2018 - 8:47 pm)

You have to depreciate the car as well by allocating the cost of the monthly payment proportionally to personal/business. Then, there are all kinds of other deductions. If the guy did his taxes himself with Turbotax, he probably paid way more in taxes than he should have.

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2breedbares (Jul 31, 2018 - 2:36 am)

He probably got some referral income. When drivers use someone's referral code to start driving, Uber gives the referring driver extra income. I'm not sure how much though.

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tedandlisa123 (Jul 31, 2018 - 2:06 pm)

You can do pretty well if you work weekend nights. A lot better than document review.

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vickytaneja123 (Aug 6, 2018 - 3:01 am)

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trickydick (Aug 6, 2018 - 12:53 pm)

There’s clearly something amiss with this story. Earnings information for uber drivers is widely available since many drivers have voluntarily publicized that information. Some of them have documented this information on YouTube videos and other social media accounts. Articles about this have been written by mainstream publications.

Most uber drivers make about $15 an hour on average. Drivers who work as many as 60 to 80 hours a year are not cracking six figures.

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