Simon_Jester wrote:Yeah, if nothing else you're burning a a respectable chunk of a gallon of gas an hour, even idling. I'm not sure what else is involved in your overhead. You'd need to get your car maintained and serviced very often because you could easily be driving scores (I'd actually guess 100 to 200 or more) miles a day.
Most cab drivers at my company pay about $100/day to the management (hybrids, vans, and cars with the airport tags cost $10-25/day more; some of us who've been there a long time and have a good record have a slightly better deal), which covers the rent and insurance on the vehicle, routine maintenance, and mechanical break-downs. I don't pay for any damage that can verifiably be blamed on and billed to somebody else, but if I damage it myself or don't catch the culprit that costs me extra. Gas runs me anywhere from $10-40/day, depending on how much I drive and current prices. I also try to set aside something for the IRS every day so I'm not caught with my pants down in April, and there are yearly payments to the Department of Excise & License, the City Tax Treasury, the DOT Doctor, etc, and incidentals like cleaning supplies, but not counting all that, that's about $125/day on average to be a cab driver in this town. Assuming that I don't work more than 12 hours/day, the legal limit, that means I have to clear at least $10.41/hour to make a profit, so if I spend a full hour sitting around with the meter running for some clown and they don't tip me, I just made $4.59 before taxes.