DSP's Loan & Savings Company

[bearsintrees]

https://twitter.com/TheyCallMeDSP/status/1100610447319785472?s=20

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Phil is not in a position to be fudging data or making "manual calculations" when he's already in the sights of the IRS. Either he's lying to make curse and youtube look bad, or he should have been in contact with them a month ago to get the correct information and documentation, if for no other reason than to provide evidence that he's doing his taxes correctly. No decent "tax attorney" or CPA charging thousands of dollars is going to accept guesstimated numbers from a known tax dodger.

 

[actually]

https://twitter.com/TheyCallMeDSP/status/1100610447319785472?s=20

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I refuse to believe that Youtube doesn't provide some measure of how much money someone on Adsense has gotten for (timeframe). Reconciling the money from Curse? Maybe, since he probably didn't see the direct numbers.

Same for Twitch. I don't believe for a fucking second he has no dashboard display of what he's gotten from cheers and subs, at the very least. And I'd be good money that Paypal (or Muxy) has a way to 1) see money received since a certain date and 2) can output an excel list of said data.

 

[bearsintrees]

I refuse to believe that Youtube doesn't provide some measure of how much money someone on Adsense has gotten for (timeframe). Reconciling the money from Curse? Maybe, since he probably didn't see the direct numbers.

Same for Twitch. I don't believe for a fucking second he has no dashboard display of what he's gotten from cheers and subs, at the very least. And I'd be good money that Paypal (or Muxy) has a way to 1) see money received since a certain date and 2) can output an excel list of said data.

As far as Twitch, it looks like February 26th is the date that they send out hardcopy versions of tax information for partners. So Phil's either dumb enough to do his taxes on the EXACT day they're mailing him information or he's on their dashboard and complaining about nothing.

 

[Shick]

As far as Twitch, it looks like February 26th is the date that they send out hardcopy versions of tax information for partners. So Phil's either dumb enough to do his taxes on the EXACT day they're mailing him information or he's on their dashboard and complaining about nothing.
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Twitch had a platform-wide issue earlier in the month where they were forced to delay sending out their 2018 1099 forms (reddit isn't a great source, I know, but Twitch updated the help article and I don't have an archived version of the original), so for once in his life he really couldn't do anything involving Twitch's numbers. Not a reason to wait until now to handle YouTube or MCN payments, but we all know that's how much of a lazy fuck he is - he probably saw the original notice from Twitch and used it as an excuse to procrastinate on everything for another few weeks.

 

[chicken wings]

https://twitter.com/TheyCallMeDSP/status/1100610447319785472?s=20

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https://twitter.com/TheyCallMeDSP/status/1100627543688769536

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He won't even shut the fuck up about his taxes on twitter

 

[Adamska]

Honestly at this point I think he's just using the tax papers to obliquely shit on the services that allow him to stay on for his own failure to succeed. Pigroach refuses to take any L and is a massive coward at all after all.

 

[Mike Hunt]

I refuse to believe that Youtube doesn't provide some measure of how much money someone on Adsense has gotten for (timeframe). Reconciling the money from Curse? Maybe, since he probably didn't see the direct numbers.

Same for Twitch. I don't believe for a fucking second he has no dashboard display of what he's gotten from cheers and subs, at the very least. And I'd be good money that Paypal (or Muxy) has a way to 1) see money received since a certain date and 2) can output an excel list of said data.

Everyone creating video/streaming content for a living should have a system in place that can easily log each time money comes in from Twitch, YouTube, or wherever. It doesn't even have to be anything technologically advanced or complex. Even just logging amounts in a Google spreadsheet works well then reference that spreadsheet when it's time to do taxes. For someone who manually updates his stream overlay text whenever someone becomes a tip leader or whatever, typing in a total amount at the end of each stream should take very little time and effort from him. Dude's so fucking lazy, or he's using the tax preparation as an excuse to take even more break time from streaming while keeping his begging narrative in play.

 

[Raven'sChild]

https://twitter.com/TheyCallMeDSP/status/1100610447319785472?s=20

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https://twitter.com/TheyCallMeDSP/status/1100627543688769536

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Right here folks is the reason D$P has such an incredibly hard time doing his taxes/handling his money. Am I the only one who see it?
Tweet one sent at 8:15pm says "One hour into doing my taxes.
Tweet two sent at9:23pm says"About 2.5 hours into doing my taxes.
8:15 to 9:23 is 1hr and 8 mins.
1hr ( time x to 8:15)+ 1hr and 8 mins ( 8:15 to 9:23 ) doesn't = ~2.5 hours I'd call an additional 8mins not even and hour+

On a side note: Found an interesting gem about how convoluted D$P's spending is. Ready? You're probably not. I advise pouring yourself a stiff drink for this one...
From the Sewer Bill saga of 2018 (H1Z1 Qna 8/9/201 starting @2:25 for the quote, but you could start earlier for more Sewer Bill info
"This was a shitty month where a lot of stuff came out of nowhere that drained my bank account....ummm...that normally wouldn't happen....ANND incidentally you know I ,I have to say this, but -tips-which use typically what I use to buy games, what I use to do everything were kind of slow recently so, because tips were slooow I had to basically PAY STUFF FROM MY BANK ACCOUNT WHICH NORMALLY i WOULDN'T DO, for example I'd buy new games, or, or I have to go out and run an errand that I need to buy something quick, I USE MY TIPS TO DO THAT and I haven't had as many (unintelligible ) recently so because of that they kind of dried up a little bit things were tighter Right? and so I didn't have as many TO PUT INTO MY BANK ACCOUNT TO HELP WITH BILLS AND STUFF...so...you know it just happens. It fluctuates. Some months are great and some months are slow. like I said July was a great streaming month, the problem is I don't get paid for my performance in July until September. * uh-ha-ah* soo there you go..."

Glean from that what you will >.>

DarkSydePhil: H1Z1 QnA 8/9/2018

Special QnA due to Phil ranting in this session of H1Z1 0:00 Phil demanding Tips as he says he is going to overdraw his bank account. 1:19 Old Gamer in strea...

www.youtube.com

 

[Doctor of Twitchanomics]

Emerald's 12K went into the infinite black hole known as "Muh Bills". This guy is on some televangelist type scheming.

Sausage Dave probably using the E7 cash to pay down some of those credit cards so that he can make his debt-to-income ratio look a little better for his next refinance attempt. But that is just speculation on my part.

 

[beep_beep_goes_the_jeep]

Sausage Dave probably using the E7 cash to pay down some of those credit cards so that he can make his debt-to-income ratio look a little better for his next refinance attempt. But that is just speculation on my part.

if hes making 100k a year and has 2 house payments each month even with 0 cc debt i doubt he would qualify for a refinance to bundle his cc debt into his mortgage loan so this is a wasted effort if thats really what he is doing. its even worse when you factor in the tons of deductions he does since banks dont count that money when running the application.

 

[Wing Zero]

Sausage Dave probably using the E7 cash to pay down some of those credit cards so that he can make his debt-to-income ratio look a little better for his next refinance attempt. But that is just speculation on my part.

Would that even help? That 12k would have payed off maybe 10% of his credit card debt, assuming he even put the entire 12k into it.

if hes making 100k a year and has 2 house payments each month even with 0 cc debt i doubt he would qualify for a refinance to bundle his cc debt into his mortgage loan so this is a wasted effort if thats really what he is doing.

That's what i thought.

 

[beep_beep_goes_the_jeep]

That's what i thought.

banks look at the net income when reviewing home loans which is essentially what a refinance is so any deductions and taxes paid end up being removed from whatever total he made that year. they also request 2 years worth of taxes and any income that is deposited into his bank that isnt listed on his taxes will be ignored "net income" wise. if theres no paper trail they wont accept it. all of this is important because it means its almost guaranteed that he wont qualify. if he gets approved im sure he will end up blowing whatever equity he pulls out before paying the cc debt off to consolidate his bills anyway so im sure the entertainment will continue on no matter what but a rejection would be the better outcome imo.

on a side note...u guys werent kidding about his banhammers. i mentioned his $16k check from twitch and instantly blocked from twitter.

 

[DiabeticSP]

Did he ever mention getting approved or denied for the consolidation loan?

I assume not hearing anything else about it means the bank laughed him of of the office.

 

[Alxmir23]

Did he ever mention getting approved or denied for the consolidation loan?

I assume not hearing anything else about it means the bank laughed him of of the office.

isnt that in april?

banks look at the net income when reviewing home loans which is essentially what a refinance is so any deductions and taxes paid end up being removed from whatever total he made that year. they also request 2 years worth of taxes and any income that is deposited into his bank that isnt listed on his taxes will be ignored "net income" wise. if theres no paper trail they wont accept it. all of this is important because it means its almost guaranteed that he wont qualify. if he gets approved im sure he will end up blowing whatever equity he pulls out before paying the cc debt off to consolidate his bills anyway so im sure the entertainment will continue on no matter what but a rejection would be the better outcome imo.

on a side note...u guys werent kidding about his banhammers. i mentioned his $16k check from twitch and instantly blocked from twitter.

he already used the money raised for taxes on his bills. hes dumb as fuck with money

 

[Raven'sChild]

isnt that in april?


he already used the money raised for taxes on his bills. hes dumb as fuck with money

Dude, he's D$P smart. He most likely poured most of E7's windfall into the credit card with the lowest balance so that he could put his tax payment on this card as he claims to have done last year even after receiving all those extra 'special fundraiser' funds that were never mentioned as being used to #SaveThaHouse or even spoken of after Twitch slapped his wrist over his attempt at double dipping his chip with his 2nd fundraiser. Which turned out to sting twice as much when it failed to net what he had hoped as well as earned him a very short suspension. D$P's 2018 self generated lore went on to retcon the existence of the highly successful 2017 Dec. fundraiser replacing it with his tax payment having to be placed on a credit card. Thanks for the money, dummies!
Tbh, his retcons are growing increasingly closer and closer to the actual events one wonders if it is that he does indeed create his own reality or suffers from a degenerative memory problem.

 

[Sparkletor]

Two great quotes from a wise man.

"I can't pay my taxes because of my credit card bills."

"How can I take Kat out when I have no money? It's called use a credit card"

 

[Wurstbrot]

Let's assume Philix Burnellix, who fell into a pot of greed in his youth, gets his refinance of the house. I'm no business person nor do I even know what this means, so just asking: Would he have to show every year he gains at least this amount of money?

 

[Phil Factor]

I'm really enjoying this 'peak career' season.

"I've made the MOST money being a content creator. This is my BEST year."

5 minutes later...

"I told you before... my account gets OVERDRAWN on a daily basis so I can't stream less, I need to stream more!"

"...get a real job? This is a REAL job! I have so much micro management and STRESS to deal with"

Phil is a living oxymoron, emphasis on the moron

------

Let's assume Philix Burnellix, who fell into a pot of greed in his youth, gets his refinance of the house. I'm no business person nor do I even know what this means, so just asking: Would he have to show every year he gains at least this amount of money?

At the very least, they would probably want to see his income over the last 2 years while also running a credit check on him. This would give the bank / loan officer an idea of how things would continue assuming everything remained the same moving forward.

So, if he's making more money as he claims, it's to his advantage then in the bank's eyes, but if his debt ratios keep increasing then he's basically neutral at this point. If he's been getting his debt utilization down (the % of your credit line available that you use), while his income is going up or remaining the same, then that would look good in his favor too.

But the loan officer / credit analyst / whoever will want to get the bigger picture to see what they're working with. I can't imagine having the CT condo under his name helps. His income is technically inconsistent, but if it follows a trend over the years then they'll have an idea of how consistent his 'business' really is.

I don't work in this stuff at all, and this is just arm chair knowledge talking, but I imagine the bank would be happy with a HELOC (home equity line of credit) which would basically put his WA house up as collateral and allow him to tap into his equity as credit line. The problem with that is that most of his payments have been towards the interest. Mortgages and such are set up so that like 90% of your first monthly payment is actually paying interest with very little going to the principal balance. He probably has very little equity to tap into, so this option may be useless, unless it's just enough money for him to knock down his credit card bills, so that he'd pay ~5% interest instead of +20% on a credit card.

 

[Sphadilcastro]

Does anyone know what he was making at the height of his let's play "career". The only thing I've come across is this which claims he was making $120,000 a month in 2012 with machinima. This seems absurd and I'm assuming its a typo.

 

[Freshtodeath]

you can sort of manually calculate it based on John Rambo saying Phil got 2 dollars per 1k views. Around that time I think he was in range of 300 million views? and he did have some debts which he paid off so subtract that and taxes.