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

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BossmanJack live chat for stream commentary.

Duration of Rehab Saga Mk. IV

  • < 1WK

    Votes: 308 20.8%

  • < 3 WK

    Votes: 432 29.2%

  • < 6WK

    Votes: 216 14.6%

  • Completed Successfully

    Votes: 524 35.4%
  • Total voters
    1,480
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No need to explain bossman. See you in about an hour from now.

EDIT:

As expected... it didn't take long!

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:lossmanjack: incoming
 
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Bossman is so unbelievably down bad that he's searching far and wide for carpet nugs

The mission is not successful and he ends up having a 2nd suck of the resin in the apple.

Later on he tries to get high from all the gross shit on his desk ("shake")

So desperate he's begging his sponsor for "loss back" again as they gave him $100 pity bucks the other day.

A newfag asks what happened to Bossman's headset

Stake has rigged Mines against Bossman

The rigging is so relentless that Bossman can't even win betting against the Google random number generator

Tries again

Third try with a coin flip. Bossman spazzes out and says that God is bullying him
 
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Yesterday, I watched MATI on kick because I missed it on Friday. Afterwards I briefly tuned in to the gambling section. I never had much interesting in gambling or put much thought into gambling addiction, but man... it's fucking insane how these people start to build theories around games and begin to see "signs" and "trends" in what is at best a completely random array or fruits, gems or whatever on the screen.

How can you lose control of reality so much?

CrackManJack said:
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No need to explain bossman. See you in about an hour from now.

EDIT:

As expected... it didn't take long!

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:lossmanjack: incoming
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Like clockwork! It's really amazing. He continues to blow my mind with his gambling addition. At least he's funny when he rages about his self-imposed fate, otherwise I would feel sorry for him.
 
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The tax theories are off-base. It's not the gambling that he should worry about it's the income and crypto. Every payment from Kick, daily/weekly sponsor payouts from Stake and chat juice is considered income by the IRS. Then there's the crypto. The IRS considers every single crypto transaction - both buy and sell - to be a positive taxable event. If they ever show up it'll be on you document every transaction and prove you don't owe what they say you do, not the other way around.

All of that is moot with Bossman IMO. They won't pursue him for obvious reasons.
 
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Chongqing said:
Has anyone else observing this been tempted to try stake?

Dumber than the lolcow, I know. But I can't help but feel at least a little tempted.

I won't do it, but wow.
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I had about 70 dollars of etherium in a metamask wallet I figured I'd never use for anything so I transfered it to stake. Long story short I got up to about 6k and lost it all slowly back to stake. Felt kind of gross and stupid afterwards even with it being basically useless money to me. Should have just gave it to the farms or something.
 
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A Log in D Tractor 2 said:
Its basically impossible to keep track of his dono income unless you want to make an autistic spreadsheet like PoP, however if you just look at his "income" from what he has withdrawn to his wallet, its pretty crazy:
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Over the course of 7 months he has withdrawn, and then respent/redeposited, over $1.3 million to his wallet. Keep in mind that most donations he loses before they ever get a chance to reach his wallet. All this talk about buying a car, a bong, and moving out, imagine what he could do if he actually had that $1.3 million to his name.
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I posted this on NYE, but since we have a lot of "feature fags" showing up, i am reposting the link to his finances. The short of it is the LTC wallet showing 1.3M is incorrect because of how LTC transactions work. If you have 100 and you send someone 50, it will then send the whole 100 out, with 50 going to your own wallet. So its kind of double counting money.

In reality his total breakdown as of the morning of December 31, 2023 he had deposited over $270,000 into Stake. thats either from his own crypto wallets or from donations. He only started stake in May or June i believe of this year. So over a quarter million in cash either he handled or he was donated. This leads into the next replies...



mlanguishi said:

This seems to be a good summary of the tax situation. There is no way he's doing any of the things required. I still think if anything gets him, it'll be the crypto part.
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Evilronald said:
That’s a tough tax question that would need a subject matter expert to explain. I think it might fall under like YouTuber stuff like it’s a cost of his streaming business? I think he’s screwed when it comes to anything he withdrew but might not be totally hosed when it comes to gambling wins/losses.
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His tax situation, frankly, is fucked. BMJ gambles on a site Stake.US it has a counter part Stake.COM but operates differently. Gambling online is not legal in all US states, and not where Austin lives. Stake.US has found a legal loop hole in which it operates. When "Deposit" into Stake.US you are buying what are called "Gold Coins". Fake in-game currency used to enter a sweepstakes. So what you are buying is literally no different than buying microtransactions essentially for any video game.

Stake.US then gives you as a "bonus" when you buy $10 worth of Gold Coins, $9 worth of "Stake Coins". You can then cash out Stake Coins for crypto currency.
Heres how the loophole fucks him: The money he deposits is purchasing something and NOT a wager/gamble amount. Therefore tax wise it cannot be counted as gambling losses. You know, and I know its gambling losses, but on paper with the IRS it is not. This is how it is operating in a loop hole.

Part 2 of how it fucks him is when he withdraws. Until he withdraws and turns those fake Stake Coins into crytpo/fiat currency (the IRS counts crypto as something of value) he has now received income, and it is taxable. So everytime he withdraws, thats income. Even if he puts it right back in with in 10 minutes. Because when he puts back in he's BUYING the Gold Coins. So even though he ends up with $0, he's turned it into Income, with no deductible losses.

So how fucked really is Bossmanjacks Tax situation for 2023? The short? He likely owes taxes roughly $300,000 of income Federal, State, Medicare and Social Security.

Where's this income from he cant even buy a keyboard!? He has 4 Income Streams:
-Kick.com Subscribers. His December check was around $6,000. He has been growing lately but in the last 6 months its probably around $20,000 total

-Stake.US Sponsorships/creator incentives. Austin's current deal is $1800 a week paid in LTC with Stake.US. He's only had this for a few weeks. He had a prior sponsorship of $200 a day, but that was in Stake Coins so might not count.

-Stake.US winnings/withdraws. Austin does withdraw (thought he puts it back in) and each time he turns the fake Stake Coins into a spendable crypto, it counts as income. Austin usually withdraws LTC, but has been known to also withdraw ETH. This is a harder one to track because he also withdraws straight to other peoples wallets to pay back loans or buy drugs. His LTC wallet has received $143570.79 in 2023.

-Stake.US Donations from "Juicers"-Austin's audience donates directly to his Stake balance through its various crypto wallets. You can actually track them, and each customer gets its own wallet per the type of crypto. I have tallied this up previously and $270,000 has been deposited into Stake.US. This includes money Austin put in directly from his own LTC. So subtracting his entire LTC balance, he's received $130,000 in deposits from viewers. If you scoff at this number, see my post linked above, and consider he had a guy give him multiple donations of $2-10K (shifty) over multiple days. These deposits are INCOME because its someone buying something for you. Usually normal people dont consider someone buying them a coffee or a beer as "income" but when you get $130,000 supplied to you, the IRS does. Giving BMJ cash money, or buying him Gold Coins in his stake.us account are both income. Again some of these are loans, but he didnt do paper work on them and it'll look like income to an IRS agent without.
 
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mlanguishi said:
lol cow supreme It'll be the crypto and excessive 'gifts' aka juice that'll get him, if they bother at all. You can get $17k or more of gifts per year, but over that is taxable income.
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I really don't think they will, the crippling addictions are too obvious. He uncontrollably lights the money on fire as soon as he gets it.

I'm starting to think his family really has no idea the scale of his losses. Do they even believe their schizo son when he comes in screaming about winning thousands of dollars at 3am?
 
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SaidNoOneEver said:
I really don't think they will, the crippling addictions are too obvious. He uncontrollably lights the money on fire as soon as he gets it.

I'm starting to think his family really has no idea the scale of his losses. Do they even believe their schizo son when he comes in screaming about winning thousands of dollars at 3am?
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It's hard to tell with tax audits. Some people get away with a lot, and some miss a bit and get nailed. I figure he'll be ok most likely. I think if he just ignores it and doesn't file at all he'll have a better chance of going under the radar, at least for a few years.
 
lol cow supreme said:
So how fucked really is Bossmanjacks Tax situation for 2023? The short? He likely owes taxes roughly $300,000 of income Federal, State, Medicare and Social Security.
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BMJ is a streamer and the money he puts into Stake is all business expenses. The IRS is not going to try to bleed money from a stone and all the money he loses is a write off because he streams it all and that is his job.
 
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