Bank Documents [18-Sept-2021] - Didn't learn a thing from the bankruptcy

Let me tell it straight.
He owns LLC, doesn't he? Why didn't he bought a house for LLC and rent it from his own company? This way if something would fuck over (like LLC couldn't maintain paying mortgage) he could easily dump the company, file the bankruptcy of it and be free of some or any liabilities regarding mortgage. Of course, it has some con's but considering that the flow of money isn't steady as it was before that would be safer option rather than paying mortgage directly.
Burnell Productions is a Sole Proprietorship, not an LLC.

Over the years several people in the Savings & Loans thread have laid out various ways he could be saving thousands per year if he structured his business properly.

Edit: Also he only created his business entity in 2017 when the government found out he was operating a business without registering it and forced him to, 3 years after he bought the house.
 
Let me tell it straight.
He owns LLC, doesn't he? Why didn't he bought a house for LLC and rent it from his own company? This way if something would fuck over (like LLC couldn't maintain paying mortgage) he could easily dump the company, file the bankruptcy of it and be free of some or any liabilities regarding mortgage. Of course, it has some con's but considering that the flow of money isn't steady as it was before that would be safer option rather than paying mortgage directly.
Because he's a retarded manchild who burns 21% of his quarterly income gambling for JPEGs of sweaty topless men. His brain is physically incapable of producing a sensible plan like that.
 
Over the years several people in the Savings & Loans thread have laid out various ways he could be saving thousands per year if he structured his business properly.
He makes enough that he could hire someone to do all this shit for him and it would literally be cheaper than being in legal trouble. There are ways he could be paying almost no taxes, too. If millionaires can do it so can he. But alas, he is hubris in human form.
 
Do more than the absolute basic level of security required. From what I'm getting here, Phil literally couldn't even be bothered to do more simply out of sheer laziness even though he's a very public figure that would have a significant amount of people who would want to do to him what just happened.

I mean, it's the kind of thing Phil has been raving about forever, the trolls trying to attack him and shit...only this time it's actually happened and it just proves he's taken no precautions for something apparently threatening him on a daily basis.
Seriously just set up extra security steps people, I legit cant log into any account I have for anything on my work computer without them insisting I send a text to my phone or email myself
 
Unlike some people I actually feel bad for Phil, who loathes gaming and is stuck in a retarded trap mostly of his own making.

Thing is, couldn't this guy simply go offline and get a job at McDonald's or something? Do it for some time and people might end up forgetting who he is.

Nobody is putting a gun to his head and forcing him to stream, same for spending thousands on mobile games instead of paying off his mortgage and taxes like a responsible adult would lol!

is it that he believes adults are supposed to spend all their money and have no savings or is he trying to keep his accounts empty in case he gets audited?
That is the kind of strategy that only a fucking retard puts his money on. Even if the IRS decided to be cool with him, they would simply go after his assets to pay off the tax bills, not having cash on hand to deal with this shit is the worst possible play unless the alternative is getting assfucked by a rhinoceros or something lol!
 
Thing is, couldn't this guy simply go offline and get a job at McDonald's or something? Do it for some time and people might end up forgetting who he is.

Nobody is putting a gun to his head and forcing him to stream, same for spending thousands on mobile games instead of paying off his mortgage and taxes like a responsible adult would lol!
No, he honestly could not do that. Besides the obvious difference in pay, he cannot interact with people in a normal way. That Burger King meltdown is just one example of how abnormal he is when dealing with everyday occurrences. He couldn't handle whiny customers, co-workers, a boss telling him what to do, expectations that he actually needs to fulfill etc. Phil would probably prefer getting the equivalent of minimum wage while streaming rather than getting a job that requires him to leave his home. But he's always been like this, every job he's had he's been fired from, something isn't right with him.
 
That is the kind of strategy that only a fucking retard puts his money on. Even if the IRS decided to be cool with him, they would simply go after his assets to pay off the tax bills, not having cash on hand to deal with this shit is the worst possible play unless the alternative is getting assfucked by a rhinoceros or something lol!
But he is paying taxes and even if some are overdue IRS won't chase him simply because he keeps account empty. It's not like he is omitting to pay taxes or trying to screw the IRS showing he has no income. The only thing that saves Dave is sole proprietorship because you don't have to have income to run business. You might do it for charity and if our brave hero pays taxes IRS won't move a finger.

He makes enough that he could hire someone to do all this shit for him and it would literally be cheaper than being in legal trouble. There are ways he could be paying almost no taxes, too. If millionaires can do it so can he. But alas, he is hubris in human form.
It's not that simple.
Thing is he screwed himself buying the house and then creating a company. I believe that in his simplified mind sole proprietorship was sufficient back in the day when he could withdraw money without hesitation or reason and was easy to calculate tax obligations. Everything thrown into business expense, and everything taken out the company as income and because the sums he was taking out was insignificant to overall business costs the taxes were abysmal.

You are right that he could pay someone to optimise business model but on the other hand he couldn't withdraw money as simply as in sole proprietorship. That is the whole deal with him and his problems right now. He was caught not running a registered company (which begs a question why he didn't do that once he start spending increasingly on games) alas creating it after he bought a house.
 
Can we take a moment and talk about how fucking predatory and evil WWE Champions truly is? Philburt is pumping ungodly amounts of money into this game and yet… he’s not even winning. He’s in the top echelon, sure, but he’s not number one. Makes you wonder just who the absolute top dogs are IRL and how much money it actually takes to “win” at this thing. Its absolutely disgusting, dood.
 
Thing is, couldn't this guy simply go offline and get a job at McDonald's or something? Do it for some time and people might end up forgetting who he is.

Nobody is putting a gun to his head and forcing him to stream, same for spending thousands on mobile games instead of paying off his mortgage and taxes like a responsible adult would lol!
You mean aside from the difference in pay?

(And Phil is right btw, when he says he couldn’t make the same flipping burgers as he can streaming. For now anyways. The day will come when that isn’t true.)

No, there’s nothing preventing that, just like there’s nothing that prevents a heroin addict from sucking it up, enduring 3 days of suffering, get cleaned up and live a normal life.

Look, don’t get me wrong: I don’t like Phil. He’s a terrible person who’s in a situation mostly (or entirely) of his own making.

But that doesn’t mean I can’t feel pity for him, just as I would for a hardcore drunk, a heroin addict or anyone else trapped in a shitty situation because of years of bad choices.

Anyone here could come up with a plan that would fix Phil’s shitty life, but... We’re talking about (a toxic) low IQ man who’s most likely an autist, and has spent the past decade living as a virtual E-hermit.

Fixing this would all be “easy” for you and me, but it’s not for Phil Burnell.

Just like climbing Mount Everest would be easy for a professional mountain climber but an unimaginable feat for your average KF.

TLDR: Phil is a piece of shit, living a pitiable, sad life mostly because of his own actions.

Maybe I’m just a bleeding heart, but I can’t help but feel a little bit of pity. Even though it’s mostly his own fault and he did everything wrong.


Can we take a moment and talk about how fucking predatory and evil WWE Champions truly is? Philburt is pumping ungodly amounts of money into this game and yet… he’s not even winning. He’s in the top echelon, sure, but he’s not number one. Makes you wonder just who the absolute top dogs are IRL and how much money it actually takes to “win” at this thing. Its absolutely disgusting, dood.
Shit always flows downward doesn’t it?

Daddy Scopely beats the shit outta Phil on a daily basis and swindles him out of his money. Papa Burnell does the exact same to his own wheelchair in his stream.

(And note how Phil’s streams are at least partly inspired by Gacha mechanics. “Spend X amount and you’ll get a GUARANTEED HAT! It might not be the hat you wanted, but there’s one tomorrow again!” Ok, it’s Gacha mechanics for absolute yards, but still.)

Part of me sees something like Gacha games and thinks “Free market, fool and his money and all that!”

Then you see how they hire psychologists, use the worst of the addicting mechanics from slot machines, and worst of all: How these fuckers pretend it’s “oil barons and stockbrokers” who play their games, when they full well know it isn’t.

And deliberately makes it possible for people without credit cards: EG: Bankrupt people to keep playing.

I’m too big of a fan of the free market to say: “This should be illegal!”

But if one of their customers decides to snap one day after their second bankruptcy and divorce, and go to town on Skopely armed with homemade IEDs and an AR15, I’m not exactly going to cry. And if there is a Gofundme for their legal defense, I would probably chip in.
 
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Thought this looked interesting, from twitter.
 

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Can we take a moment and talk about how fucking predatory and evil WWE Champions truly is? Philburt is pumping ungodly amounts of money into this game and yet… he’s not even winning. He’s in the top echelon, sure, but he’s not number one. Makes you wonder just who the absolute top dogs are IRL and how much money it actually takes to “win” at this thing. Its absolutely disgusting, dood.
"Don't hate the player, hate the game."

That being said, in this context I find it interesting how Phil turns the same predatory behaviour towards his fans. They pump ungodly amounts of money into his life, and... Sometimes he does not even treat them that well. Or, he will outright scold them about contributions and such.
 
Thought this looked interesting, from twitter.
That's certainly a strange one we don't have a clear picture about, if you enter the url that's on the statement this is the website https://www.tattle.com/

So yeah that tweet seems to be on the money in regards to what this website is, it's possible the name on his bank statement is shortened or stands for something else for it to make any logical sense, would Phil make a purchase from this sort of place? And for what purpose if he did?
 
Thought this looked interesting, from twitter.
LMAO! Probably a harebrained whale hunting idea he came up with after hitting the gin particularly hard.

Typical Phil: Zero effort, absolutely low IQ ideas, but hopes for $$$.

And what exactly would Phil have to offer the Chinese market? “Koneecheewaa to all muh Chinese fans, in your honor I’ve decided to have a special SUSHI version of Feasting With The King this month!”

The most interesting part here, is that unless it’s years old, it shows that Phil knows he’s circli the drain, running out of whales, and trying to find new ones. Even if he has to go to chink chunk land after them.
 
I've only skimmed over this so far(a lot to catch up on lol,) but has anyone seen if there was a vet bill for Jasper? If not, I wonder if he asked Khet to pay that bill.
 
I do not know how this man can make so much off his viewerbase.
I’ve spent $7 on dining out in the past 3 months.
~$300 a month on booze is insane too.
If this dude is putting away numbers like that, he’s gonna have some nasty withdrawals.
This dude be tremoring on stream he every try to quit
 
"Don't hate the player, hate the game."

That being said, in this context I find it interesting how Phil turns the same predatory behaviour towards his fans. They pump ungodly amounts of money into his life, and... Sometimes he does not even treat them that well. Or, he will outright scold them about contributions and such.
Oh, that’s what I’d say makes Phil different from Skopely. They never outright verbally abuse you or shame you for not spending enough. (Though sure... They strongly encourage you to shame yourself for not being able to keep up!)

But notice how Phil uses tard-tier Skopely mechanics in his streams.

Just like you can buy a pack with a guaranteed wrestler with Skopely, Phil will “sell you” a hat or a vest. You reached the goal but didn’t get the hat you wanted? Oh well! Try again tomorrow!

It’s wily and retarded as fuck, but rather obvious where he got the idea.
 
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