DSP's Loan & Savings Company

I think you'd pay an accountant/"tax attorney" if you earned a certain amount. DSP does earn enough to make it worth the time/money to hire one.

If Phil's not exaggerating, the "attorney" (both in CT and WA) have cost about as much as his annual state business taxes ($1k). That doesn't seem worthwhile unless these people are getting him enough deductions to make up more than that $1k in lower taxes.
 
@SoapQueen1 It matters. That extra 30% is on top of the accumulated tax which he already can't pay. Think about how much he is gonna panic if it's on top of tge 1.5%, much more so if the tax rate the state decides to charge him is 3.5%. The salt is going to be fucking amazing. And you are right though. This could have been planned for or avoided if he bothered to take the 15 minutes to research this online when he first moved to WA.
It does matter more if it's 3.5%, but even then if he owes that much he's still paying what any normal state has for personal income tax. I guess what I'm getting at is that if that's the amount of income he can lose before living in a cardboard box eating out of a dumpster, he just needs to declare bankruptcy and be done with it all. Assuming he's paying 2.5 years of unpaid B&O tax at 3.5% with a 30% penalty PLUS current year's B&O tax at 3.5% and his income in all those years is more or less the same, he's looking at using 14.875% of his current income to pay those taxes. That's a bummer, but it wouldn't cause most grown men with $100K a year incomes to break down into panicked begging for 20 minutes a day for 7 months.
 
Well most likely he does. I can't think of any other way of looking at it other then that he lies and make up false hardship. I actually thought he was telling the truth half the time about his finances. But this last round of just making up arbitrary numbers in "tax season" have sort of made me change my mind.

He will never admit to having something sustainable because he thinks he would lose the pitty dollars. Being a greedy E-beggar is what he does. He will never reach his funding goal, there will always be something, and there will never be enough.

If not, where did all the money go? Did he burn them in the fireplace? Is his post nasal drip because of abusing cocaine and alcohol? Is it all in jugling predatory money lenders? He is either lying about his financial state and is doing just fine, and is afraid to admit it. Or there is some giant x-factor he is hiding.

He blows money at an incredible rate, he has a shit ton of debt, and his income sources are dwindling. Is he making more money than the average joe? Yes. But instead of living within his means, he blew his money thinking the gravy train would never end.

It does matter more if it's 3.5%, but even then if he owes that much he's still paying what any normal state has for personal income tax. I guess what I'm getting at is that if that's the amount of income he can lose before living in a cardboard box eating out of a dumpster, he just needs to declare bankruptcy and be done with it all. Assuming he's paying 2.5 years of unpaid B&O tax at 3.5% with a 30% penalty PLUS current year's B&O tax at 3.5% and his income in all those years is more or less the same, he's looking at using 14.875% of his current income to pay those taxes. That's a bummer, but it wouldn't cause most grown men with $100K a year incomes to break down into panicked begging for 20 minutes a day for 7 months.

I dont disagree but most men don't have two mortgages, a car payment, business loans, massive credit card debt, and overblown monthly bills.
 
I dont disagree but most men don't have two mortgages, a car payment, business loans, massive credit card debt, and overblown monthly bills.
And you can see his rediculous spending habits with that giant mound of statues in that storage area in the "real adult house" and the enormous collection of DVDs/blurays. Dumbass is constantly buying shit on a whim with no thought to tomorrow.
 
This is some :autism: back-of-the-envelope calculating, but let's say Dave makes 80k/yr. That would put him in the 2017 marginal tax bracket of 25%. This 4k is supposedly above what he normally pays, meaning all of the 4k would be taxed at 25%. That means he made an extra 16k last year that's he's now having to pay taxes on. 16k/yr is about $7.84 for a normal, full-time, 40 hr per week job. If he can claim a large portion of his income on Da Business™, then that number goes up even higher.

That dumb motherfucker made a whole minimum wage job more than he did last yr, but still begs his 20-something yo fans (who probably don't make much more than that) for even more money to cover the extra money they ALL READY GAVE HIM!

I can't even feel bad for the people that still give him money. They're suckers falling for an obvious ruse, and if they weren't getting suckered by Dave, it would just be somebody else doing it to them.
 
...but most men...
Phil's not a man though, at least in the sense of he cannot roll up his sleeves and actually provide for himself or his loved ones. He'd rather just let others man up for him and dig deep to keep him going.

Phil's spent the last 20 years almost squandering his money stupidly, starting with splashing out on going to those tournaments. Initial YouTube success cleared that initial debt but you can argue it was the worst possible thing that could have happened to him because it planted the idea that no matter how bad his debt got he'd be a viral video or two away from being back on the gravy train. So he kept spending stupidly and now he's where he's at.

He's a foolish boy that learned nothing about being a responsible mature human being. Even with reality setting in he's refusing to adapt and change.
 
THANK YOU. THIS.

Weeell, if he was incorporated or something he would still employ himself and draw a salary, right?

Then again, he has to ask himself: would you employ someone to play games awfully / honk / snort for 6 hours a day?
... for 100k p.a.?
 
I
His "business" is actually a bit different than most businesses because DSP's is technically a 100% profit business model. His only real expenses are internet/electricity/video games. His "rent" isn't even really a business expense because he works from home. Most businesses have a lot more when it comes to assets/investments/depreciation and shit.

Its mindblowing that he can't even make a 95% profit business sustainable.

Holy shit I didn't think about it this way. His 'costs' for his business is hardware (which is deductible) and an internet connection (which you need anyway). His debts and other lifestyle costs must be a lot higher than first thought.

Kinda makes me contemplate streaming (since I live a spartan lifestyle and am not saddled with the debt of two houses), except not shit like Phil
 
I still stand by my speculation that his parents helped him buy that CT condo by co-signing the loan, giving him the down payment and then paying the mortgage payments for an uncertain number of months/years after he got laid off. He seemed pretty laid back in that video where he talks about having just lost his job and going to give being a 'full time YouTuber' a try back when doing this for a living was unheard of. This is a newly unemployed guy with a $1,500/ month mortgage (it has been assumed) plus utilities, car insurance and groceries ( aka take out ). He goes on to buy every new release at $60+/- a pop BEFORE landing his Machinima Pay-per-View contract with seemingly no cares in the world.*
* https://www.youtube.com/watch?v=So7wLuuDiHA Start @8:27 where Phil lost his job, applied for Adsense, lost it, went ot blip.Tv, got kicked, then got picked up by Machinima in March, 2011. All these upheavals and no panic about his fiances. Sept. 2017...Panic! #Safe tha House! with little to no mention of saving the CT Khando. I venture his parents still pay that bill or part of it and THAT is why he doesn't sell, because he can't!

Holy shit that makes total fucking sense. No wonder Phil won't sell the condo in CT. And you make a pretty good point on DSP attitude when he was first laid off from his job to now talking about his financial situation nonstop.

This means that losing his house in Washinton would not be as bad as he makes it sound, because his parents would still be paying part of that mortgage.
 
Holy shit that makes total fucking sense. No wonder Phil won't sell the condo in CT. And you make a pretty good point on DSP attitude when he was first laid off from his job to now talking about his financial situation nonstop.

This means that losing his house in Washinton would not be as bad as he makes it sound, because his parents would still be paying part of that mortgage.
Hell maybe when the short sell didn't go through he convinced them to pay more if not all of the mortgage. Maybe that is why he he can't ask them for more cash.

Off topic to the house but since his parents were brought up, does anyone think he found out he isn't getting a inheritance recently? During one of the last taxes rants he threw out something about not having any inheritance coming to save him. Probably means nothing but it was such a strange thing for him to say and I can't remember Phil broaching the subject before. Maybe with the passing of his aunt, no disrespect, a conversation happened where Phil found out he would be getting nothing or much less then he assumed.
 
Off topic to the house but since his parents were brought up, does anyone think he found out he isn't getting a inheritance recently? During one of the last taxes rants he threw out something about not having any inheritance coming to save him. Probably means nothing but it was such a strange thing for him to say and I can't remember Phil broaching the subject before. Maybe with the passing of his aunt, no disrespect, a conversation happened where Phil found out he would be getting nothing or much less then he assumed.

I thought this was widely believed before. He had a drug addict fuckup female cousin his parents took in and cleaned up and she was more grateful than their pig son. From what it sounds like they wrote him out of the will and replaced him with her.
 
What? where did he spoke of this? I never heard of this before
Possibly Mellisa Koutrakos: 40 years old, listed address is his parents condo, voting rights currently revoked on account of being a felon.

Misdemeanor Larceny of the fourth degree on 4/18/2012
Guilty Plea, Guilty Verdict
Convictinon: 4/19/2012
Sentence: 1 Year Jail, Execution Suspended, Conditional Discharge 2 Years

Felony Larceny of the third degree on 4/15/2012
Guilty Plea, Guilty Verdict
Conviction: 10/25/2012
Sentence: 3 Years Jail, Execution Suspended, Probation 3 Years

Misdemeanor Larceny of the sixth degree on 5/26/2013
Guilty Plea, Guilty Verdict
Conviction: 10/18/2013
Sentence:
45 Days Jail
 
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Hell maybe when the short sell didn't go through he convinced them to pay more if not all of the mortgage. Maybe that is why he he can't ask them for more cash.

Off topic to the house but since his parents were brought up, does anyone think he found out he isn't getting a inheritance recently? During one of the last taxes rants he threw out something about not having any inheritance coming to save him. Probably means nothing but it was such a strange thing for him to say and I can't remember Phil broaching the subject before. Maybe with the passing of his aunt, no disrespect, a conversation happened where Phil found out he would be getting nothing or much less then he assumed.

I thought this was widely believed before. He had a drug addict fuckup female cousin his parents took in and cleaned up and she was more grateful than their pig son. From what it sounds like they wrote him out of the will and replaced him with her.
I suspect that he was not 'written out of the Will', but told that he had/was already receiving his inheritance in the form of all the financial help they are/have been giving him while alive. DSP strikes me as a child raised in a middle class, possibly upper middle class household. His parents live a comfortable life, though most likely not a life of luxury and brought their son up in this environment and continued to support him through out his early adulthood as is evident by his tastes and total lack of frugality. DSP has had 'a free ride' his entire life from what I can glean from his behavior. He claims to have attended a college, but didn't know what Cup Noodles were or how to cook them. ( The only classmates I know of who never once had to make ends meet by eating Cup Noodles while at Uni. were those who's parents continually extended their allowances ). Parents will fund their children past graduation...to a point. As they grow older, they have to look to their own future and the taps start to pour out less. Cutting the Apron strings of a ciddled only son can extend this Summer into Fall. DSP at 36 is into the Fall of his life and his parents into their Winter. What some middle class parents do is to 'give their children their inheritance to them while still living' by continuing to fund then well past an age most stop...to a point. Their are only so many CDs that can be cashed in, so many Bonds that can be sold before one has to stop and look at the finances one put away to fund their Golden Years. When this threshold is reached, one may be told that they are 'receiving their inheritance' now instead of later.
 
Phil's claim that his previous tax lawyer told him he could basically not pay state taxes makes no sense to me.

I do not see how any person that specializes in taxes would tell someone they do not need to be worried about a different state regulations. Furthermore, while Phil would still be stuck paying back his taxes and the fines incurred, its pretty standard that a tax specialist would face issue with the fines involved. My own tax situation is very complicated as year round expat worker. I have had in the past situations where I did not pay correct tax amount.

I still must pay what is owed, but I have been able to get compensated for fines incurred easily. I have NEVER had a tax specialist in one state advise me there is no concern and they are expert for another state or countries.

Here is what I think happens. Phil tells tax specialist "I move to other side of US"

Tax specialist "Why?"

"No income tax"

"Well that may appear the case but you should check with someone who specializes in taxes for the state you move to but I can handle your taxes for previous state like usual"

Phil hears that he doesn't need to pay income tax. It does not make sense that tax specialist would wish to risk pissed off person harassing them and trying to sue. If there was any way Phil was in the right, he would be name dropping and suing. I am certain that tax person put in writing his concerns to Phil, hence why DSP is very careful not to feed any real information about this.
 
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Has anyone considered that he cant rent the old place out because that cousin, or his sick auntie might be staying there? He doesnt strike me as the person who would mention that, even if he is the person to brag about how charitable he might be. Thats always rubbed me the wrong way for some reason
 
Has anyone considered that he cant rent the old place out because that cousin, or his sick auntie might be staying there? He doesnt strike me as the person who would mention that, even if he is the person to brag about how charitable he might be. Thats always rubbed me the wrong way for some reason
If his aunt is still there Phil has bigger problems than taxes. She's been dead a little over a month.
 
Oh for real? I just remember him having a sick aunt in the last few years. I can't keep up with the guy anymore.
Don't worry he brought it up for some pity bucks the same day he recieved his last Twitch suspension. Once that happened it was like she never existed. She had passed a few weeks before, maybe up to a month(?) prior. Phil didn't even go to the funeral because he had to "work." Not saying he used the death of a family member just because tips were slow, but...
 
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He just mentioned his aunt in passing while ranting about how he eats healthier now. (at about 7:30)


Blames her for having high uric acidity (which causes gout) because it's hereditary and 'she didn't fucking tell anybody'.
 
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