[tzier]

Very valid point. My point was just to dispel the myth that "employees automatically make more".

I could get into things like (a) how most Uber drivers get to write off $0.575/mi as an expense when they actually only incur actual costs of $0.20/mi, (b) how contractors get to write off other things employees don't (like health insurance premiums), etc, but explaining those clearly in a single blog post is difficult.

Also, keep in mind this post completely ignores opportunity cost, which is arguably the most important aspect and one that is incredibly unique to each individual.

[cbhl]

Do most Uber drivers know that they should be doing these things / have an accountant that knows these things?

[tzier]

It's a mix. Most know they have tax obligations and want to pay them, but are overwhelmed with figuring out how much and how to pay.

Not a ton know about smaller tricks, like writing off health insurance premiums (hence why people pay accountants).

We're trying to help with both at Zen99, e.g. with all of our free resources at www.tryzen99.com/learn