The Uber Economy: Doesn't Add Up For Nevada
1
The Uber Economy: It Just Doesn’t Add Up For Nevada Uber’s Financial Commitment to Nevada? No business taxes No property taxes No sales and use taxes No Workers Compensation or Unemployment payments No support for education No support for essential services TNCs expect to reap big profits, which get collected out of state, and take advantage of state and local resources, contributing little in return. Uber and Job Creation? Uber offers part-time jobs with No guaranteed wage No health benefits No retirement No vacation or sick pay No advancement No future The Tip of The Iceberg A 30% loss of licensed transportation service in Clark County alone means more than $5.5 million in lost funding per year to state and local government. Direct and Indirect Job Loss Impact of 30% loss of full-time driver’s jobs with living wages and benefits in Clark County. LABOR INCOME EMPLOYMENT Direct $70,320,848 1,181 Indirect $10,992,933 226 Induced $ 6,036,759 440 TOTAL $99,550,787 1,847 Hobbs, Ong & Associates economic impact report, March 2015 Do the Math Uber boasts that its drivers can earn up to $50,000 per year. That averages to about $4000 gross income per month. But Uber drivers are responsible for all costs, and the net income tells a different story. $4,000 $3,200 $2,950 $2,600 $2,300 $1,900 $1,580 Your Earnings Uber 20% Deduction (-$800) Car Insurance (-$250) Car Payment (-$350) Car Depreciation (-$300) Fuel and Maintenance (-$400) Social Security and Medicare (-$300) Drivers may wind up making less than $10 per hour before taxes with no health benefits, no vacation or sick pay, no workman’s comp and no unemployment insurance McCarran Airport Fees $2,289,744 Trip Charges & NTA fees $1,842,589 Modified Business taxes $ 647,018 Sales & County Option taxes $ 412,776 Vehicle Registration impacts $ 406,896 Total Funding Loss $5,599,023* *Does not include Insurance Premium tax, Unemployment taxes, worker’s compensation, property taxes and other revenue streams to state and local government. – Hobbs, Ong & Associates Economic Impact Report, March 2015 “By calling workers ‘independent contractors,’ companies hope to divest themselves of their legal responsibilities as employers . . . turning the Internet into the equivalent of a street corner hiring site and turning workers into day laborers.” – Rebecca Smith deputy director of the National Employment Law Project
-
Upload
taxidriverlv -
Category
Documents
-
view
25 -
download
2
description
The Uber Economy: Doesn't Add Up For NevadaSB 439 Submitted Document 2015 Legislature.
Transcript of The Uber Economy: Doesn't Add Up For Nevada
-
The Uber Economy: It Just Doesnt Add Up For Nevada
Ubers Financial Commitment to Nevada?
No business taxes
No property taxes
No sales and use taxes
No Workers Compensation or Unemployment payments
No support for education
No support for essential services
TNCs expect to reap big profits, which get collected out of state, and take advantage of state and local resources, contributing little in return.
Uber and Job Creation?Uber offers part-time jobs with
No guaranteed wage
No health benefits
No retirement
No vacation or sick pay
No advancement
No future
The Tip of The IcebergA 30% loss of licensed transportation service in Clark County alone means more than $5.5 million in lost funding per year to state and local government.
Direct and Indirect Job LossImpact of 30% loss of full-time drivers jobs with living wages
and benefits in Clark County.
LABOR INCOME EMPLOYMENTDirect $70,320,848 1,181
Indirect $10,992,933 226
Induced $ 6,036,759 440
TOTAL $99,550,787 1,847
Hobbs, Ong & Associates economic impact report, March 2015
Do the MathUber boasts that its drivers can
earn up to $50,000 per year. That
averages to about $4000 gross
income per month. But Uber drivers
are responsible for all costs, and the
net income tells a different story.
$4,000
$3,200
$2,950
$2,600
$2,300
$1,900
$1,580
Your Earnings
Uber 20% Deduction (-$800)
Car Insurance (-$250)
Car Payment (-$350)
Car Depreciation (-$300)
Fuel and Maintenance (-$400)
Social Security and Medicare (-$300)
Drivers may wind up making less than $10 per hour before taxes with no health benefits, no vacation or sick pay, no workmans comp and no unemployment insurance
McCarran Airport Fees $2,289,744
Trip Charges & NTA fees $1,842,589
Modified Business taxes $ 647,018
Sales & County Option taxes $ 412,776
Vehicle Registration impacts $ 406,896
Total Funding Loss $5,599,023*
*Does not include Insurance Premium tax, Unemployment taxes, workers compensation, property taxes and other revenue streams to state and local government. Hobbs, Ong & Associates Economic Impact Report, March 2015
By calling workers independent contractors, companies hope to divest themselves of their legal responsibilities as employers . . . turning the Internet into the equivalent of a street corner hiring site and turning workers into day laborers.
Rebecca Smith deputy director of the National Employment Law Project
