The high cost of driving | Arkansas Blog

Wednesday, December 5, 2007

The high cost of driving

Posted By on Wed, Dec 5, 2007 at 2:18 PM

Under the Dome notes that the IRS is moving the maximum business mileage rate up to 50.5 cents per mile.

It's been a while since 1972, when I sometimes made more money as a sportswriter for a Virginia weekly from my 8-cent-a-mile reimbursement than I did from my $1.30 hourly wage. If I drove 60 miles to Harrisonburg for a football game, I'd get $9.60 for the round trip. The two-hour roundtrip, at my hourly rate, was worth only $2.60. Gas was about 30 cents a gallon then. My Chrysler would get about 20 on the interstate, so I"d be out only about $1.80 in gas costs, netting almost $8 and be paid only $2.60 for the time. (Of course I'd get additional time at the game itself, maybe another $3.90.)

But back to the future. 50.5 cents? Yow. If that's a fair assessment of the cost, including depreciation, of driving a car, do you have any idea of the real of commuting from Little Rock to Cabot every day? Downtown condo, anyone?

What's your business pay for business miles? We're less than half the maximum rate, I confess.


Sign up for the Daily Update email
Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

  • Little Rock's new free WiFi kiosk isn't cost-free

    A high-tech advertising device is to be proudly unveiled by the city today, Local media might have a reason to hold their applause.
    • Jun 25, 2018
  • Vote suppression in Dixie. Arkansas is doing its part.

    Since the United States Supreme Court dealt a body blow to the Voting Rights Act, Alabama has led the way in making it harder for poor people (who happen to be disproportionately black and Latino) to vote. Arkansas has done its part, too.
    • Jun 25, 2018
  • Judge Clarke Tucker by his enemies — Tom Cotton and them

    The full-bore attack on Democratic 2nd District Congress candidate Clarke Tucker of Little Rock, almost five months before the electin, gives you some idea of how seriously Republicans take his challenge of U.S. Rep. French Hill, the Republican banker and Trump defender.
    • Jun 25, 2018
  • More »

Readers also liked…

Most Viewed

  • Don Zimmerman, Municipal League leader, dies at 75

    Don Zimmerman, the long-time leader of the Arkansas Municipal League, died Sunday at 75. The city government lobby was influential and occasionally a progressive voice thanks to him.
  • Judge Clarke Tucker by his enemies — Tom Cotton and them

    The full-bore attack on Democratic 2nd District Congress candidate Clarke Tucker of Little Rock, almost five months before the electin, gives you some idea of how seriously Republicans take his challenge of U.S. Rep. French Hill, the Republican banker and Trump defender.

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation