- He’s had the listing since November 2022. The City of Milwaukee limits short-term rentals to 180 rental days per year. Let’s assume he got all 61 days he was entitled to in 2022, all 180 days in 2023, and all 77 days so far in 2024, for a total of 318 days.
- The list price in the screencap is $99/night, with no cleaning fee. Maybe he adds some other bullshit fee of $20, bringing his share of the take before AirBnB fees and taxes to $119/night.
—— So far, he’s made $37,842 from his AirBnB. For ease of calculation, let’s assume he allocates it all to FY 2023.
- The City of Milwaukee charges a 14% transient occupancy tax. That’s not an assumption, just a fun fact.
—— This brings Fat’s share down to $32,544.12.
- Assume this pig is actually paying any of his debts, including state income tax. His tax on this income bracket is $644.70 plus 4.4% on any gross amount over $18,420, because at least he gets to claim on paper that he’s married. That’s a total WI income tax liability of $1,499.27.
—— Take-home is down to $31,044.85 now.
- Also because he’s at least married on paper, he’s at a 12% federal tax bracket, responsible for $2,200 plus 12% of any income over $22,000. This adds up to $4,101.04 he owes Uncle Sam.
- Because he’s self employed, he also has to pay 12.4% into Social Security and 2.9% into Medicare, at $4,692.41 and $1,097.42, respectively.
—— Not looking so fiscally healthy at $21,153.98, are ya, Fat?
- He’s also mentioned he’s had to furnish this place, as well as clean between guests, with guests that like to leave presents of vomit and animal feces. Let’s assume $1,500 to furnish and $500 in cleaning supplies for the time he’s been operating.
—— Jesus Christ, if this is his only income, he only made $19,153.98 net so far with this AirBnB business. For reference, in WI, poverty level is at $15,060 for a family of 1, $20,440 for a family of 2.
- Patrick still owes Quasi $31,828.53 per payquasi.lol accessed just now. Does that number update daily based on compounding interest? Just saying, he’d have to take the total net income from one and a half years of the AirBnB just to pay back Quasi for the rest of the debt. That’s assuming he doesn’t spend it on anything else, like meat grinder maintenance, nightly alcohol to make him feel like a brave man fighting the good fight on Xitter, ruining his garden or his Mustang, or any of his other individual hobbies that Nikkki won’t financially support. Also doesn’t take into account other attorney bills he has to pay.
- If he still has to pay back the “loan” from the SFWA, he’ll need about five more years of AirBnB income after that to get them back their $100k, assuming they’re extremely generous with their members and charge no interest for retards using their slush fund for lawfare against negative GoodReads reviews.
- If he owes money back for advances in his books that never paid out, he’s even more fucked.
