Bossman Austin Curtis Peterson / BossmanJack / AustinGambles / Austin_07 / irondollah - Gambling addict, convicted felon, scammer, and raging manchild that hates his fucking life, FAKE MONEY

[SoggyToeHolster]

Finance fags go to hell

 

[Collections Agent]

Not sure his daily counts if he never withdraws it. He isn't getting "paid" 200 a day, he's getting 200 dollars worth of Stakes tokens which can be redeemed for crypto. I'm no Tax Guy, but I don't think that would count as income if he just loses it gambling without withdrawing it.

This, he can probably just get by on DSP luck and say he's only getting funny little online tokens for free and it's like getting free V-Bucks that he can redeem for crypto prizes

 

[SaidNoOneEver]

Not sure his daily counts if he never withdraws it. He isn't getting "paid" 200 a day, he's getting 200 dollars worth of Stakes tokens which can be redeemed for crypto. I'm no Tax Guy, but I don't think that would count as income if he just loses it gambling without withdrawing it.

It's a token that he can immediately convert into crypto and withdraw. That's taxable income. Doesn't matter if he actually withdraws, it has a Fair Market Value.

We haven't even mentioned income from Kick. He gets $4 per month per sub I believe. Kick is also proposing to pay $16/hr streaming if you sign up for it: https://www.bullfrag.com/kick-will-...dcast-live-on-its-platform-so-you-can-use-it/

Finance fags go to hell

RATS!!!

 

[GradeAGobbleDeeGook]

We haven't even mentioned income from Kick. He gets $4 per month per sub I believe. Kick is also proposing to pay $16/hr streaming if you sign up for it: https://www.bullfrag.com/kick-will-...dcast-live-on-its-platform-so-you-can-use-it/

to be absolutely exact, IIRC, the split is 95/5, that was one of the selling points for the platform
and yes there is some stream-per-hour deals, and i THINK they get paid in crypto only for the hourly pay
thats what i heard a number of streamers close to Eddie say, that the hourly pay will be in crypto not in any fiat currency

 

[Rukario]

Because Stake is a Crypto-focused online Casino, I wonder if he was told by someone that it was tax exempt due to legal wrangling ongoing over if Bitcoin is a security or not? I have no idea if that is true or not, its just i've seen a lot of reports of people evading taxes by trading in cryptocurrency and NFTs while they are still out of the reach of regulation (some Cryptocoins and Exchanges now fall under regulation due to legal settlements, others are still fighting lawsuits over it.)

Could use some legal context here. If Bitcoin was a security, would he have to pay tax on it? Or could he evade that by saying his expenses outweigh his earnings or something like that (like how businesses report operating losses to avoid paying taxes). Unless his juicers pay into a holding company he owns, operating as an individual I think he's likely screwed.

As a side note, the analysis done shows just how Casinos manage to make their money - although they've given Austin free sign up offers and bonus spins, they've sucked as much as half a million out of him. Casino games are all rigged in favour of the House, and unregulated Casinos like Stake probably have the odds of winning set even lower.

 

[arc minsk]

Because Stake is a Crypto-focused online Casino, I wonder if he was told by someone that it was tax exempt due to legal wrangling ongoing over if Bitcoin is a security or not? I have no idea if that is true or not, its just i've seen a lot of reports of people evading taxes by trading in cryptocurrency and NFTs while they are still out of the reach of regulation (some Cryptocoins and Exchanges now fall under regulation due to legal settlements, others are still fighting lawsuits over it.)

Could use some legal context here. If Bitcoin was a security, would he have to pay tax on it? Or could he evade that by saying his expenses outweigh his earnings or something like that (like how businesses report operating losses to avoid paying taxes). Unless his juicers pay into a holding company he owns, operating as an individual I think he's likely screwed.

As a side note, the analysis done shows just how Casinos manage to make their money - although they've given Austin free sign up offers and bonus spins, they've sucked as much as half a million out of him. Casino games are all rigged in favour of the House, and unregulated Casinos like Stake probably have the odds of winning set even lower.

im curious how new companies like this hire accountants. do they need a 26 year old shitdick CPA who was mining shitcoins in their dorm room during college? or can they hire a greybeard and they can figure it out because it's still just money?

 

[A Log in D Tractor 2]

Damn he is easily into the six figures of income then, just with that and his current Stake account. He will owe the IRS at least $20k or $30k from what you documented above.

In a theoretical audit situation what is going to fuck him is the gambling. I'm no tax guy but to my knowledge you owe taxes on your gambling wins regardless of what the losses are if you don't record them, and there's no way he's recording every loss because there's hundreds a day. In theory, every time he won 400 bucks from $20 and $50 keno bets and then lost it all, that initial win is taxable.

 

[ItCouldBeWorse]

I blame Bossman for getting me hooked, lined and sinkered on this song.

When Austin isn't blasting nigger tunes, his 2000s punk music taste is actually pretty great.

 

[arc minsk]

im curious how new companies like this hire accountants. do they need a 26 year old shitdick CPA who was mining shitcoins in their dorm room during college? or can they hire a greybeard and they can figure it out because it's still just money?

the government is slow. they're just now figuring out the regular parts of blockchains/cryptocurrency from bitcoin's meme inception in 2010 and that was after billions and billions of dollars of public scams. probably another 5-10 years before they think about these crypto casinos

 

[Drama Fan]

I'm no tax guy but to my knowledge you owe taxes on your gambling wins regardless of what the losses are if you don't record them, and there's no way he's recording every loss because there's hundreds a day.

Doesn't Stake keep track of this like literally every other casino? Surely they keep detailed records on all their customers for their own purposes. He's even shown graphs on his daily winnings/losses on screen before. It would be an absolute dick move to not let customers see their totals for that tax year.

 

[arc minsk]

Doesn't Stake keep track of this like literally every other casino? Surely they keep detailed records on all their customers for their own purposes. He's even shown graphs on his daily winnings/losses on screen before. It would be an absolute dick move to not let customers see their totals for that tax year.

the thing is does stake make it an optional thing to allow you to pay taxes at your own behest or do they send an income form to the gov't and to you like an employer/contracted work would?

 

[Yae]

He is currently live doing gambling stream albeit on discord now instead of kick.

 

[arc minsk]

He is currently live doing gambling stream albeit on discord now instead of kick.

does he think discord has less faggots on it than kick? discord is the faggot capitol of the internet.

 

[Yae]

does he think discord has less faggots on it than kick? discord is the faggot capitol of the internet.

He admitted earlier in the stream that he has been borrowing his kick money before he gets it then sending it back to the person who he borrowed it from before. He said it works better though because he gets interest on it in some way?
He also seems a lot more chill than in his kick streams for some reason.

 

[arc minsk]

He admitted earlier in the stream that he has been borrowing his kick money before he gets it then sending it back to the person who he borrowed it from before. He said it works better though because he gets interest on it in some way?
He also seems a lot more chill than in his kick streams for some reason.

damn he's down real bad. obviously everyone thinks he did coke but he must have been on a bender for the last few weeks since he was getting popular. he was absolutely manic for 3 weeks straight.

 

[Yae]

Dog reveal

 

[degengambalar]

He admitted earlier in the stream that he has been borrowing his kick money before he gets it then sending it back to the person who he borrowed it from before. He said it works better though because he gets interest on it in some way?
He also seems a lot more chill than in his kick streams for some reason.

The person who loans him gets interest. He gets his money earlier which is a win for him because he has no patience.
Whenever he needs to send money to his dealer for weed he'll always offer $5-10 for a transfer because he's so desperate for weed.

Just tuned in to see him with $90. He loses it all in the next 4 minutes lol
I love how he always mentions his nerves and anxiety. Does he not realize marijuana just exacerbates that?

 

[RougeRed]

(Insert virtue signaling about cow-tippers here) but the guy in his chat talking about "smokin on that Memaw pack" got a lol out of me.

 

[Onni Kalsarikännit]

True.

 

[Doinker Marmalade]

Sorry for low effort shitty soyjak meme, but there really isn't a better way to express this.