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What does Uber employment ruling mean? ... The drivers said they should be entitled to holiday pay, and that they should be paid the National Minimum Wage.
With a 40% tax rate, if you made over $4000 take home from Uber or Lyft after their commission, you will need to pay estimated taxes. Figuring for deductions, my marginal tax rate is only 25% when I deduct about 1/3 of my income due to the standard mileage deduction of 56 cents a mile.