If you gross $100000, the fed income taxes are only $1416
Does this math make sense?
Revenue $100000
Mileage deduction on 50000 miles -$37125
Net income $62875
SE tax deduction -$4442
AGI $58433
No tax on tips -$25000
Standard deduction -$16100
QBI deduction -$3467
Fed taxable income $13866
Fed income tax $1416
Since I drive an EV with a 13 cents per mile cost, it only cost me $6500 to make $100000 in revenue.
I posted in another sub but they don’t like math.