- Joined
- Sep 13, 2021
That would be hard unless you watch his streams because he tends to take a lot of long breaks.Possible to include total hours spent playing each game? Therefore we can track his hourly wage rate.
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That would be hard unless you watch his streams because he tends to take a lot of long breaks.Possible to include total hours spent playing each game? Therefore we can track his hourly wage rate.
At one point he said something along the lines of "If I had any of that stuff... do you think I would've been granted my bankruptcy? God, sometimes people just need to think a little bit!" The rhetorical question is an obvious tell of his (especially since he didn't immediately debunk the implication), and likely means he either:I swear at some point he said he had already got rid of them or something. It's hard to keep up with all the crap he says.
consumer debt forgiven IN BANKRUPTCY sure isn't taxable incomeIdk who told you debt forgiveness isn't counted as income for tax purposes but it definitely is
You can look up Form 982 to see what isn't included in taxable income from a bankruptcyconsumer debt forgiven IN BANKRUPTCY sure isn't taxable income
When an individual debtor files for bankruptcy under chapter 7 or 11 of the Bankruptcy Code, the bankruptcy estate is treated as a new taxable entity, separate from the individual taxpayer. The bankruptcy estate in a chapter 7 case is represented by a trustee. The trustee is appointed to administer the estate and liquidate any nonexempt assets. In chapter 11 cases, the debtor often remains in control of the assets as a “debtor-in-possession” and acts as the bankruptcy trustee. However, the bankruptcy court, for cause, may appoint a trustee if such appointment is in the best interests of the creditors and the estate. During the chapter 7 or 11 bankruptcy, the debtor continues to file an individual tax return on Form 1040 or 1040-SR. The bankruptcy trustee files a Form 1041 for the bankruptcy estate. However, when a debtor in a chapter 11 bankruptcy case remains a debtor-in-possession, he or she must file both a Form 1040 or 1040-SR individual return and a Form 1041 estate return for the bankruptcy.You can look up Form 982 to see what isn't included in taxable income from a bankruptcy
Al Bundy had a family (a real family, not a cat) and friends, started NO MA'AM, was in a bowling league, and owned a house. He could even afford to take his family on vacation on occasion. Al Bundy was a way better man than Phil could ever be.It's worse than that. It's at least 20 years ago. He truly is Al Bundy.
InterestingWhen an individual debtor files for bankruptcy under chapter 7 or 11 of the Bankruptcy Code, the bankruptcy estate is treated as a new taxable entity, separate from the individual taxpayer. The bankruptcy estate in a chapter 7 case is represented by a trustee. The trustee is appointed to administer the estate and liquidate any nonexempt assets. In chapter 11 cases, the debtor often remains in control of the assets as a “debtor-in-possession” and acts as the bankruptcy trustee. However, the bankruptcy court, for cause, may appoint a trustee if such appointment is in the best interests of the creditors and the estate. During the chapter 7 or 11 bankruptcy, the debtor continues to file an individual tax return on Form 1040 or 1040-SR. The bankruptcy trustee files a Form 1041 for the bankruptcy estate. However, when a debtor in a chapter 11 bankruptcy case remains a debtor-in-possession, he or she must file both a Form 1040 or 1040-SR individual return and a Form 1041 estate return for the bankruptcy.
Chapter 7 gets the good treatment, he had no liquid assets, so he's indigent.
Income, deductions, and credits—Form 1040 or 1040-SR. In an individual chapter 7 or 11 bankruptcy case, don't include the income, deductions, and credits that belong to the bankruptcy estate on the debtor's individual income tax return (Form 1040 or 1040-SR). Also, don't include as income on the debtor's return the amount of any debt canceled by reason of the bankruptcy discharge. The bankruptcy estate must reduce certain losses, credits, and the basis in property (to the e
https://www.irs.gov/pub/irs-pdf/p908.pdf is the circular
He absolutely has all his wolverines. He wasn't taking that hit again.At one point he said something along the lines of "If I had any of that stuff... do you think I would've been granted my bankruptcy? God, sometimes people just need to think a little bit!" The rhetorical question is an obvious tell of his (especially since he didn't immediately debunk the implication), and likely means he either:
1. Understands he can no longer acknowledge his trophies to the Internet at large, and will imply he no longer has them until he dies, or
2. literally destroyed them to receive a Chapter 7 judgment. Not likely, but it's what I see when I drift off to sleep.
I think most of his statues had some sort of damage. Like he had a Guile statue with some broken comb thing or a TF2 medic statue where the glasses were broken and he "repaired" it with a paper clip.If I remember correctly the scorpion statue has bits of it broken, I know Tevin did a video on it once.
There's a per hour average wage column there already on the dashboard of tips for each stream. That's a per stream average on each session however, not a total earned per game divided by stream time overall though, also, technically, prestream contributions drive up the early stream hourly averages somewhat, while keeping 90 minutes or so a day off the division for the data.Possible to include total hours spent playing each game? Therefore we can track his hourly wage rate.
Phil simply doesn't understand the concept of depreciation. He seems to believe that something holds a set intrinsic base value when purchased and it will never go below that price unless somebody's trying to pull a fast one. If he ever has to sell his car, the fact it hasn't been driven as much as you'd expect for a 'daily driver' would be grounds for a slightly better than average price, but he sure as hell isn't going to get Kelly Blue Book value. And that's assuming he doesn't simply go the 'webuyanycar.com' route and accept the first offer he's given.I just love the idea that Phil is so dumb and/or he thinks his fans and the tractors who give him money because they secretly like him are so dumb that it's totally reasonable to believe that the statues he destroyed by playing with them like a child were valuable enough to cover his half-mil in debt. Debt was discharged, ergo he obviously no longer possesses his broken toys on the tier of unopened Star Wars first run stuff that autists pay out the ass to obtain.
as long as they work through emails, not phone calls, or have a website that will give you a quote... PPB sells his car, doesn't cash the check same day and they cancel the check because of all the bacon sweats in the car... a man can dream.Phil simply doesn't understand the concept of depreciation. He seems to believe that something holds a set intrinsic base value when purchased and it will never go below that price unless somebody's trying to pull a fast one. If he ever has to sell his car, the fact it hasn't been driven as much as you'd expect for a 'daily driver' would be grounds for a slightly better than average price, but he sure as hell isn't going to get Kelly Blue Book value. And that's assuming he doesn't simply go the 'webuyanycar.com' route and accept the first offer he's given.
I mean, if he just made a new Ebay account, didn't say a word about selling them, and didn't dump the entire lot on there, he'd probably fly under the radar. Given his general idiocy about pricing, though, he also probably wouldn't get any buyers.To be fair, he would be found out and messed with if he tried to sell them on Ebay. Although he could still offload them to a pawn shop.
Nah, the car would have to be completely totaled to the point literally nothing could be salvaged even for scrap value for anybody to return a car in the current market, since parting the car out would still be profitable.as long as they work through emails, not phone calls, or have a website that will give you a quote... PPB sells his car, doesn't cash the check same day and they cancel the check because of all the bacon sweats in the car... a man can dream.
Pricing is the real reason Phil stopped bothering to list things on Ebay. As was said, Phil doesn't comprehend depreciation because of his usual mindset of that's MY MONEY and everyone is screwing me.I mean, if he just made a new Ebay account, didn't say a word about selling them, and didn't dump the entire lot on there, he'd probably fly under the radar. Given his general idiocy about pricing, though, he also probably wouldn't get any buyers.
I hydro locked a 2012 4runner in 2015 flipping it over off roading in the dunes down here, is how I know it can happen... like I said, A man can dream.Nah, the car would have to be completely totaled to the point literally nothing could be salvaged even for scrap value for anybody to return a car in the current market, since parting the car out would still be profitable.
That said Phil would still bitch about being shortchanged because he paid so much for the car and he's at most going to get a couple grand since it's a higher-end luxury brand car well below the average miles driven for its age.
Phil simply doesn't understand the concept of depreciation.
Youtuber Ashens has like, ten videos covering the kind of free Video Game 'limited edition' stuff he reviews and more often than not he mentions how he has all this crap from friends who usually 'forget' to ask for it all back.Modern gaming "collectibles" have zero appreciation. By "limited edition" studios mean around 10,000 were made. All cheap quality plastic garbage, easily reproducible. That's not collectible.
The most expensive thing I ever got (free) was a Crysis 2 limited edition bundle. Game, art book, backpack and bust in a huge box. Current prices:
- Game, Steam = £25 (couple of pound waiting for sale)
- Art book (physical), eBay = £20
- Backpack, eBay = £40
- Bust, eBay = £62 (I gave this for free to someone who would appreciate it more)
...£147 maximum (that's a Crysis joke) for something that cost £150 new 10 years ago, with a very limited run. Writing "collectible" on something doesn't make it collectible. Maybe in 50 to 60 years it could be worth what the retail value was? Most gamers won't live that long. Phillip won't.