DSP's Loan & Savings Company

[BallBuster]

Not true, you slanderer!

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I’d love to punch AdrenalinDragon for him even suggesting Phil fucking ruin one of my favorite franchises.

 

[actually]

DSP just state he owes $17,161 for his taxes and accountant.

How can someone hear that and not immediately think "Goddamn he must have a huge income...why couldn't he pay for that already?"

I would like to point to my previous post where I estimated $17,300 tax liability, and pat myself on the back!

That is all.

EDIT: His accountant has already been paid, guaranteed, there is not a chance in hell that whoever did the work for him would take on a client, such as DSP, who apparently already has cash flow problems, without getting an upfront fee, that $17,131 figure is too precise, it is exactly his tax liability, he is mealy-mouthing what he means to say, guaranteed.

DOUBLE EDIT: Because I'm an exceptional faggot, I also want to say that him saying the E7 money was already taken off the top is a flat-out lie, his total tax liability is the figure he quoted, he just doesn't want people to realize that he only needs ~$5K over what E7 gave him, either because he thinks the larger amount will persuade whales to give more, or he legit fucked off the E7 money... my money is on the former.

It's entirely possible he already spent the E7 money on paying down CC debt in hopes of putting all his taxes on those. Also, nice work on the prediction of the taxes.

 

[Hungrymandinner]

Barring a Twitch ban, Phil will get his $17k. The show will go on if history is any indication.

 

[James Smith]

How can someone hear that and not immediately think "Goddamn he must have a huge income...why couldn't he pay for that already?"

Taking into account the fact(?) that he needs more than that and the reasonably assumed interest payments he's making on his two bits of real estate he had a minimum of $130K of income last year.

 

[marlintan]

How can someone hear that and not immediately think "Goddamn he must have a huge income...why couldn't he pay for that already?"



It's entirely possible he already spent the E7 money on paying down CC debt in hopes of putting all his taxes on those. Also, nice work on the prediction of the taxes.

Thanks,

If he used E7 money to pay off his CC, and still has that credit available, then he really only needs to difference (~$5K) anyway, either way its an intentional obfuscation of the truth, to mislead his fans.

 

[actually]

No, this 17k amount is AFTER E7 and all the other money he got. The actual amount he owed was over $25,000

Did he say that the actual amount was over $25k? I'd appreciate a clip of it or something.

Not only did he get the emerald seven money, but he's been raising tips literally since November. There's no way he's still $17K short at this point.

With the exception of December (E7's appearance), he hasn't made significantly above his average on Twitch ($5800). He got ~$7300 in January and $5600 in February.

 

[Wing Zero]

Barring a Twitch ban, Phil will get his $17k. The show will go on if history is any indication.

The show will go on regardless if he gets the money or not. As much as Phil despises the idea of having to downsize from his "mature adult house", the thought of needing to go get a normal job and become a complete nobody is even more despicable to him.

 

[boxybum]

Not true, you slanderer!

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If the E7 money isnt going to the taxes then what the fuck is going to the taxes? Will this $5 go to the taxes or the bills?

 

[Mr.PiggyOinkOink]

what a bunch of nonsense, darks bank account is apparently some black hole. He's been crying about taxes for 3 years and still says he doesnt know how they work, and then he starts rambling for a second about how uncertain the future is "youtube ad revenue, are my streams going to continue to grow" Just admit you will say any little thing to try and make this the biggest mountain ever.

 

[DarkScrubPhil]

So, I'm going to try to figure out (a second time) how much money Phil made (or at least provide a reasonable estimate) for 2018 based on his taxes.

I'm going to assume that Phil's telling the truth (try to stifle your laughter) about his taxes and the E7 money. So, we can add in 17,161 with 12,000 to get 29,161 total in taxes. I'm going to take out 1k for his tax filing fees to get to 28,161. I'm going to take out 1,800 for his quarterly penalty (I can show the calculations at some future time). So, his final total is 26,361. That's his bottom line tax bill minus fees and penalties plus what he claims he paid in.

I'm going to copy paste what I posted earlier and add to it.

The first 9,525 dollars would be taxed at 10%, or 952. So, 26,361-952 = 25,409

The next 29,175 dollars would be taxed at 12% or 3,501. So 25,409 - 3,501 = 21,908

The next 43,800 dollars would be taxed at 22% or 9,636. So, 21,908 - 9,636 = 12,272

Thus, Phil's last bit of tax dollars would be taxed at the 24% tax rate. Thus, 12,272 / 0.24 = 51,133

Phil's AGI would be the sum of the total dollars taxed.

9525+29175+43800+51133 = 133,633

As Phil's a self-employed, it's hard to tell exactly how much in deductions he took out. The more deductions he took out, the higher his revenue. But, as before, we can use the standard deduction as a guideline. For a single man, his standard deduction is 12,200, so adding that in...

133,633 + 12,200 = 145,833

So, Phil, according to his words, made at least 145,833 in 2018. He likely made more than that.

If the math and tax people want to check my work, feel free. I'm always open to being wrong.

I know I've said this before, but I'll say it again. Phil's committing fraud here. He's lying either about not spending the E7 money, and he really owes 5,000. Or he's lying about his own needs, and made way more money to pay off his taxes.

 

[der rademacher]

what a bunch of nonsense, darks bank account is apparently some black hole. He's been crying about taxes for 3 years and still says he doesnt know how they work, and then he starts rambling for a second about how uncertain the future is "youtube ad revenue, are my streams going to continue to grow" Just admit you will say any little thing to try and make this the biggest mountain ever.

Sir, are you implying that Phil, our true and ahnest gamer, may lie about his finances? I never have heard anything so rude. You, good Sir, should be ashamed of yourself and donate ten bucks to #savethehouse immediately.

 

[marlintan]

So, I'm going to try to figure out (a second time) how much money Phil made (or at least provide a reasonable estimate) for 2018 based on his taxes.

I'm going to assume that Phil's telling the truth (try to stifle your laughter) about his taxes and the E7 money. So, we can add in 17,161 with 12,000 to get 29,161 total in taxes. I'm going to take out 1k for his tax filing fees to get to 28,161. I'm going to take out 1,800 for his quarterly penalty (I can show the calculations at some future time). So, his final total is 26,361. That's his bottom line tax bill minus fees and penalties plus what he claims he paid in.

I'm going to copy paste what I posted earlier and add to it.

The first 9,525 dollars would be taxed at 10%, or 952. So, 26,361-952 = 25,409

The next 29,175 dollars would be taxed at 12% or 3,501. So 25,409 - 3,501 = 21,908

The next 43,800 dollars would be taxed at 22% or 9,636. So, 21,908 - 9,636 = 12,272

Thus, Phil's last bit of tax dollars would be taxed at the 24% tax rate. Thus, 12,272 / 0.24 = 51,133

Phil's AGI would be the sum of the total dollars taxed.

9525+29175+43800+51133 = 133,633

As Phil's a self-employed, it's hard to tell exactly how much in deductions he took out. The more deductions he took out, the higher his revenue. But, as before, we can use the standard deduction as a guideline. For a single man, his standard deduction is 12,200, so adding that in...

133,633 + 12,200 = 145,833

So, Phil, according to his words, made at least 145,833 in 2018. He likely made more than that.

If the math and tax people want to check my work, feel free. I'm always open to being wrong.

I know I've said this before, but I'll say it again. Phil's committing fraud here. He's lying either about not spending the E7 money, and he really owes 5,000. Or he's lying about his own needs, and made way more money to pay off his taxes.

That math works out, but, I would suggest to you that he is not being genuine about the E7 money coming off the top, I would estimate that DSP made between $108K and $115K last year, and the $17K figure is his true total tax liability.

With the huge increase in standard deduction this year, and the change in business expenses that are allowed to be deducted, in addition to his business being a sole-proprietorship (pass-through), I bet dollars to donuts that he took the standard deduction... Many of my clients this year were shocked and disappointed in their returns, the % of AGI you need to beat the standard deduction is quite a hurdle.

There is always the chance that he is fraudulently claiming a larger percent of his home as business use, or any of the other numbers, it would shock me as much as if you told me the sun was going to come up tomorrow.

 

[Noob-Noob]

Btw folks, this 17k is ON TOP of the retarded amounts of bills he needs to pay each month. GG bois.

 

[PutridElephant]

Something to consider...

https://neuvoo.com/tax-calculator/?iam=&salary=150000&from=year&region=Washington

 

[Vivica A. Fox]

Ya gotta hand it to Phil, he has some balls to straight up say that number with a straight face after all the "raising funds" he's done and the E7 donation.

 

[Prince Lotor]

@actually So now that it's sort of been solidified that in 2018 Phil made approximately $115K - $130K what range would this put his estimated average YouTube CPM in? According to Social Blade in 2018 between DSPGayming, THEKINGOFHATEVLOGS, and KO Gayming Phil got 17.81 million views. So take his: Total Income Range of ($115K to $130K)-(Twitch+Patreon) and divide the remainder by 17,810 to see what the low end and high end of an estimated average CPM in 2018 was for him.

I would find this interesting considering the extreme amount of 'Muh YouTube Munnies' bitching he has done continuously from: "Pissing Money" to "Basically Nuthin", only for it to turn out he makes as much money as anyone else it's just that his views continue to drop as he fades into obscurity. Would make his 'Muh thousands and thousands of avid YouTube fans' narrative a bit funny considering it would mean his YouTube munny is dropping because his viewership is dropping as people grow weary of his repetitive bullshit kahmentary.

ETA: The range between $115K and $130K would be less than a $1 difference in average CPM, so that would give a pretty good average target that may not be accurate monthly as CPM fluctuates throughout the year but would give a pretty accurate picture over the total year.

 

[VibRibbon]

what a bunch of nonsense, darks bank account is apparently some black hole. He's been crying about taxes for 3 years and still says he doesnt know how they work, and then he starts rambling for a second about how uncertain the future is "youtube ad revenue, are my streams going to continue to grow" Just admit you will say any little thing to try and make this the biggest mountain ever.

For someone that:

• Is close to 37 years old
• Has a degree in business
• Has been doing this for years

He has fuck all excuse to not know this shit. If he's still streaming in 10 years I can guarantee there will be salt about how he didn't realize he needed to save for his retirement and that you're all lucky that your employer takes care of it for you and his accountant didn't tell him blah blah blah...

Now that I think about it, has he mentioned anything about his upcoming birthday? I mean 17k would throw one hell of a bash - my sweet 37th style...

 

[actually]

@actually So now that it's sort of been solidified that in 2018 Phil made approximately $115K - $130K what range would this put his estimated average YouTube CPM in? According to Social Blade in 2018 between DSPGayming, THEKINGOFHATEVLOGS, and KO Gayming Phil got 17.81 million views. So take his: Total Income Range of ($115K to $130K)-(Twitch+Patreon) and divide the remainder by 17,810 to see what the low end and high end of an estimated average CPM in 2018 was for him.

$115k-$130k would be $2-$3 average CPM, I think. I'm trying to find the post where I added up his yearly income for 2018, but I'm having trouble finding it.

 

[James Smith]

If the math and tax people want to check my work, feel free. I'm always open to being wrong.

That math works out, but, I would suggest to you that he is not being genuine about the E7 money coming off the top, I would estimate that DSP made between $108K and $115K last year, and the $17K figure is his true total tax liability.

Close but he can deduct the interest payments on both of his mortgages which are about $31K a year. So even if he has none of E7's money left and the $17,161 is all he needs for his taxes his income was over $130K in 2018. The more of E7's money he has the higher his income was.

 

[Salubrious]

Close but he can deduct the interest payments on both of his mortgages which are about $31K a year. So even if he has none of E7's money left and the $17,161 is all he needs for his taxes his income was over $130K in 2018. The more of E7's money he has the higher his income was.

I don't think he has to pay taxes on E7s money yet. Didn't he receive the money in February? So wouldn't it be considered 2019 income? Or is it because he gifted the subs in 2018 that it's still considered 2018 income? I'm actually not sure how that works.