DSP's Loan & Savings Company

[Sparkletor]

What eludes me is how he managed to fritter away ALL the YT money he earned during his Machinima Pay-per-view heyday where he was seeing 7-12M views? ...*dons tinfoil hat*...IF he did and it's not socked away in a savings account and/or 401k. Hear me out. IF he put that money in a 401k he technically could not touch it ( without significant penalties ) and would go quite a way toward explaining WHY he doesn't seem that terribly worried for someone in actual danger of losing their f'n house.

Several thousands of dollars spent on statues of comic book characters. Leasing a BMW. An entire wall of Blu Ray discs. Expensive microphones and headphones that break due to negelct. Buying a $3000 computer because he didn't want to fix the problem with his existing computer. Hotel suites to watch movies from home and get drunk. Steak and lobster dinners as often as possible. Subscriptions to every video on demand service possible, including porn. Thousands on Leanna's soap hobby. Shopping for impulse buys at least once a week. Green screen, professional lighting rigs, and cameras that didn't get used. Refusing to shop at Wal-Mart because poor people shop there. Buying a formal dining table despite never having guests. Buying a 3D television. Buying AC units, fans, rugs etc. because it was easier to buy new ones than move the ones he already owned. Spending hundreds on a website nobody goes to. Having a personal hair stylist. Two internet lines. Preordering games and not playing them. Schwan's food delivery service. Mobile pay to win games.

I could go on...

 

[NoMoreFarLeft]

Yeah, I have no idea how it works. I've just been aware of the site for awhile, but not had anything to do with info :/

To see that payment history, after you click on the link, just set the search criteria to "Unique ID" (the number is 0232200) and "All", and you'll see the four bills.

@NoMoreFarLeft would you maybe remember about when Bryan had found that mortgage information? I don't think you can search a banned member's posts, unfortunately. Do you remember if he showed evidence, like screenshots? As I'm typing this, I'm starting to wonder if he didn't make it up, what with it being Bryan and all [Sorry, disregard. I think it's this post. It does kinda confirm my doubts. He gives no proof, so we only have the word of a megalomaniac.]

Trying to look for it, I noticed this August 6 2017 post from @SoapQueen1 saying that Phil was "crying about the sewer bill and acting like he shouldn't have to pay it because the condo is empty". He's similarly only paid half of 2017's sewer bill (click on "SEWER/WATER/MISC" near the top, same Unique ID number).

View attachment 612236

I am going off of memory from early 2016. On the SoK podcast Fred and Bryan discussed the conversations with the listing agent. The thing about Bryan is that he always wanted to have the spotlight which meant he usually went the extra distance for info. If you understand that you can understand why he was the prime mark to dump the Coach Red Pill stuff on here. The head pats are what got him up in the morning so I think it benefited him to bring good info before he completely ruined himself. He brought in Fred to speak with the agent to verify that he wasn't just making it up. Fred's problem wasn't misinformation on Phil but his desire to control the skeptic community through Gay Ops. Just my take but I understand your skepticism.

If anything though the unpaid bills bolster my point about him being underwater on the condo. He can make that money easily to clear that bill but he much rather spend that money WWE Supersham. Again that is just my take.

I get it, I follow the math...but HOW?

It's just incredible how wasteful one manchild can be.

Phil's inability to prevent himself from lying is only overshadowed by his inability to save money. Fans want him to play Minecraft? Fuck the PC version I already own, I am going to buy it on the Xbox One. People are getting to play DS3 early because of Microsoft Store glitch? Not only will I spend extra money to get it early due to exchange rates, I am going to fuck it up and have to pay twice.

 

[JamFlowMan]

What eludes me is how he managed to fritter away ALL the YT money he earned during his Machinima Pay-per-view heyday where he was seeing 7-12M views? ...*dons tinfoil hat*...IF he did and it's not socked away in a savings account and/or 401k. Hear me out. IF he put that money in a 401k he technically could not touch it ( without significant penalties ) and would go quite a way toward explaining WHY he doesn't seem that terribly worried for someone in actual danger of losing their f'n house.

When Phil talks about this time frame he uses the phrase "unlimited funds." He thought the gravy train would never end, so why save anything?

Saying 401k made me remember something. In some video I believe Phil said he cashed out his 401k to help pay for the move to Washington. Anybody know the video or if i'm just crazy?
Edit:If it helps I don't think he said "401k" it was more along the lines of retirement or something similar.

 

[actually]

When Phil talks about this time frame he uses the phrase "unlimited funds." He thought the gravy train would never end, so why save anything?

Saying 401k made me remember something. In some video I believe Phil said he cashed out his 401k to help pay for the move to Washington. Anybody know the video or if i'm just crazy?
Edit:If it helps I don't think he said "401k" it was more along the lines of retirement or something similar.

I only remember him talking about using his "savings". I guess that could refer to a 401k, but frankly, I don't think Phil is that forward-thinking to have done that.

 

[Adamska]

I only remember him talking about using his "savings". I guess that could refer to a 401k, but frankly, I don't think Phil is that forward-thinking to have done that.

My guess was at one time he had a savings account.

Now it's just a "spend it on useless fripperies" account.

 

[BallBuster]

I only remember him talking about using his "savings". I guess that could refer to a 401k, but frankly, I don't think Phil is that forward-thinking to have done that.

Oh god I hope he drained what little he had in 401k and got slammed with ridiculous penalties for touching it.

And as I have said before I hope he refinances. I really do. His interest rate is probably in the high 3.7% range right now, interest rates right now are at like 5.1% and higher and that’s what he will get slammed with if he refinances. I will bet anything he is still paying a PMI every month because he never puts extra toward the principal so he hasn’t cleared 20% of the loan value yet.

What I also don’t understand is why he thinks the house is in danger. His tax issue has to do with B&O taxes, not property taxes. If that is the case, they would eventually either garnish his wages every month until it is paid or seize assets like his car and electronics to auction off to pay off the outstanding debt. I mean correct me if I am wrong, I’m not a deadbeat twat who defaults on bills and taxes so I may be talking out of turn (my taxes get paid automatically through my mortgage payments from an escrow account).

 

[Adamska]

What I also don’t understand is why he thinks the house is in danger. His tax issue has to do with B&O taxes, not property taxes. If that is the case, they would eventually either garnish his wages every month until it is paid or seize assets like his car and electronics to auction off to pay off the outstanding debt. I mean correct me if I am wrong, I’m not a deadbeat twat who defaults on bills and taxes so I may be talking out of turn (my taxes get paid automatically through my mortgage payments from an escrow account).

When he says the house is in danger; it's more along the lines that his ability to juggle debts is in danger of ruining him and his freespending lifestyle. He believes he was entitled to the money he used to make and refuses to drop down on his fripperies spending due to said entitlement.

 

[Authentic Sauce]

He has mentioned spending his retirement a couple of times. Here he rambles for quite sometime about spending what he saved from helicopter job and early YouTube.

I have a vague memory of him mentioning this another time where I understood him to be saying he cashed out an IRA, likely an old 401k. I have no idea when this happened, I think it was a pretty off hand comment so it's buried in those 50k videos somewhere.

 

[actually]

When he says the house is in danger; it's more along the lines that his ability to juggle debts is in danger of ruining him and his freespending lifestyle. He believes he was entitled to the money he used to make and refuses to drop down on his fripperies spending due to said entitlement.

Yeah, this is how I always picture it. Certainly if the IRS actually came after him, they would put a lien on the WaKhando and get their cut when he sold it. And if Phil ever filed for bankruptcy, the WaKhando is the first thing the bank would make him sell to pay off creditors.

I have a vague memory of him mentioning this another time where I understood him to be saying he cashed out an IRA, likely an old 401k. I have no idea when this happened, I think it was a pretty off hand comment so it's buried in those 50k videos somewhere.

This would make sense for the CT condo, since first-time homebuyers can withdraw from an IRA to put money down. For a 2nd condo, though, he would be penalized.

 

[thebonesauce]

Several thousands of dollars spent on statues of comic book characters. Leasing a BMW. An entire wall of Blu Ray discs. Expensive microphones and headphones that break due to negelct. Buying a $3000 computer because he didn't want to fix the problem with his existing computer. Hotel suites to watch movies from home and get drunk. Steak and lobster dinners as often as possible. Subscriptions to every video on demand service possible, including porn. Thousands on Leanna's soap hobby. Shopping for impulse buys at least once a week. Green screen, professional lighting rigs, and cameras that didn't get used. Refusing to shop at Wal-Mart because poor people shop there. Buying a formal dining table despite never having guests. Buying a 3D television. Buying AC units, fans, rugs etc. because it was easier to buy new ones than move the ones he already owned. Spending hundreds on a website nobody goes to. Having a personal hair stylist. Two internet lines. Preordering games and not playing them. Schwan's food delivery service. Mobile pay to win games.

I could go on...

The amazing thing to me is he actually has a Brazzers account. Judging from the incident, it’s not like he lasts more than 10 minutes, so wouldn’t Pornhub or Redtube suffice? Ridiculous!

 

[KingjadVCMP]

The amazing thing to me is he actually has a Brazzers account. Judging from the incident, it’s not like he lasts more than 10 minutes, so wouldn’t Pornhub or Redtube suffice? Ridiculous!

Maybe it was for Leanna.

 

[millais]

At some point in the past, didn't some trolls sign him up for all kinds of porn sites using his old dox?

 

[Sparkletor]

At some point in the past, didn't some trolls sign him up for all kinds of porn sites using his old dox?

The Brazzers account, if I recall correctly, was found in the Mrstupid1 leaks when his email and stuff got hacked. Hackers posted his bills and he was paying for a Brazzers subscription.

 

[obliviousbeard]

it’s not like he lasts more than 10 minutes

 

[MeganDodgedABullet]

Maybe it was for Leanna.

Nah, more a blacked kinda gal.

 

[Cornstarch Colonizer]

Sorry, but this has been annoying me for awhile. I'm 99% sure DSP doesn't make $100k a year. If you take it at face value that he owes 16k in taxes( I personally believe him on this) then the most he can make is around 80-85k( which is still pretty disgusting).

I'm gonna do the math:

DSP's business costs: I know the prevailing theory is $20k, but I think it's closer to 15k.

DSP's pre-deduction income: I'm going to say $80k.

So taking those numbers we have:

80k-15k= 65k, DSP's taxable income.

Self employment tax:

65k*.9235= $9184

Regular tax:

65k-($9184/2)= $60408

$60408-$12000(single person deductible rate)= $48408

The United States tax system is a progressive system. That means your after deductible income won't be taxed at a flat percentage, but at a different rate as you pass a certain level of income. So, given that I'll break down DSP's regular tax by brackets.

($9526*10%)= $953+($29,174*12)= $3501+($9708*.22)= $2136

So, his regular tax is: $6589

Add his self employment and regular taxes together:

$9184+$6589= $15,773(estimated 2018 tax bill)

$65k-$15,773= $49,227(DSP's after tax, after business expenditure income)

Let's divide that by 12:

$4102/month

Let's subtract the most probable monthly rate of his two properties:

Connecticut Kahndo= $1200/mo with those brutal New England property taxes and a $130k price tag.

WAKahndo= $1500-$1600 a month for a $250k price tag.

Once you add up both of his mortgages:

$2700-$2800/mo

Subtract that from his monthly take home money:

$4102-$2700= $1402, then add in groceries, regular internet, credit cards, utilities, ect... It's easy to see why this exceptional fool is in financial trouble.

For the record before the adpocalypse and while he was with Machinima he was most likely making a $100k+.

Even if he does manage to refinance his mortgage, the lowest the guy can bring in annually is $75k and be financially solvent. Or he marries Kat and combines their incomes together.

I'm just waiting to see who is going to grift whom first.

Never ever feel bad about yourself when you see how much DSP makes. In the end the best he's been able to do with it is attain 1600+sq/ft condo in a suburb of Seattle and a bunch of overpriced worthless garbage. In the end he will have nothing, because he's a childish, greedy, narcissistic incompent clown.

 

[actually]

I'm going to respectfully disagree, but I hope you'll continue to discuss this, as I'm always willing to be wrong and improve the collective financial understanding.

I'm fairly confident Phil made at least $100k last year. @EddyB43 totaled up Phil's Twitch money for the year, picking up tip money part way through, and I believe the total for 2017 came to ~$42000, which can almost certainly be taken as a minimum measure from Twitch. Phil claimed some time at the end of 2017 that Youtube earnings were 1% less than Twitch. Now, Phil's absolutely shit at math, but when I took the ~$41,500 and divided it by his total views for 2017, it came out to a reasonable average CPM of like $1.90.

So those two together are ~$83,500.

But Phil also had Patreon, and it was still bringing in well over $1000 per month at that point. Lowballing it, he made at least $12,000 from Patreon in 2017 as well. That puts him at $95,000 pre-tax income, and that represents a lower bound. It's pretty reasonable to assume he was actually making $100k+.

Further evidence comes from the whole back state taxes fiasco. Although he didn't give exact numbers, he gave enough that a rough estimate of $5k was taken for the years 2014-2016. The highest B&O rate is 1.5%. Calculations that have been done elsewhere come out to annual incomes averaging $130k+ for 2014-2016. That might be a little high, but again, confirms that he's in the 6 figure range.

Now to your tax analysis. There's at least one math mistake early on that subsequent math is built from: $65000 * 0.9235 = $60,027.50, a difference of $4972.50, not the $9,184 you have.

I'm also confused why you have Phil both deducting business expenses and taking the standard deduction. To my understanding, you either itemize or take the standard deduction dependent on which is larger. Your use of self-employed tax versus "regular" tax could also use a definition.

Finally, if Phil was actually having to pay all his bills and eat on $1400 a month, he wouldn't be able to do it, even with credit cards. His internet lines alone were $400. He has about $80-100/month in streaming services. His electric and water were revealed to be like $150/month from the mrstupid1 leaks. That's almost half of the $1400 right there, and that doesn't include minimum credit card payments, food, and games.

 

[Adamska]

The only thing that matters out of this is Pigroach is fucking retarded regardless since he's somehow crying poor on getting donated from speds 80 or 100k a year.

 

[DarkScrubPhil]

A few points.

The self-employment tax is the tax for Medicare and Social Security. Normally, roughly 7% is taken out of the paychecks of employed workers, with the other 7% covered by the employer. However, for self-employed people, they have to pay the full 14~% or so themselves. And this is on top of the normal taxes.

Second, you guys are forgetting about penalties and interest. For both the state taxes and the quarterly payments, there is a penalty that is on top of the tax. For the quarterly payment, there is a 4 or 5% penalty per month when it's not paid. (I can't remember what it is for 201. This would no doubt be part of the 16,000 that he owes.

It would also be part of the 5,000 that Phil owed for state taxes. He probably does make about 100,000 per year, but not much more than that.

 

[actually]

The penalty in 2017, according to this, is 2.66% of the total underpayment. If Phil actually hasn't paid anything all year and the penalty is the same, it'll be 2.66% of his 2018 taxes. No idea on interest, but the penalty on $16k is $425.60. I'm not a CPA, though, so I may be totally fucking this up.

Regardless, Phil's making far more than he has any right to.