- Joined
- Jan 19, 2018
The other issue is that Phil's stated income on the bankruptcy forms is right in line with Actually's estimates of his earnings. That would work with the inflated tips theory because it's based on the public facing information. However, Actually based his estimates off of a tax amount deduced from Phil's tax rants. This would mean that he wouldn't just doing it for the public facing numbers, but that he was also reporting it as actual income for tax purposes, and therefore costing himself more money. Phil is all about pride and ego, but he's also about greed - inflated tips would seem to eat too far into the bottom line to be of much appeal.
To give full and proper credit, I roughly approximated Phil's income prior to the bankruptcy from his state B&O tax fiasco at somewhere around $130k or so. @James Smith worked out a second rough approximation from the 2018 federal tax burden still remaining (along with the payment plan) as detailed in the bankruptcy filing itself. The numbers all generally agreed with the yearly income that I tallied up, with the understanding that we were only expecting to be within a few tens of thousands of dollars.