DSP's Loan & Savings Company -

[Schmeckel]

The credit card company still needed to claim the taxes as exempt from discharge and none of them did. It's far more likely that he either paid off the taxes with him minimums and all that remained was interest that can be discharged or the CC companies didn't give enough of a shit to dig in to see if any of his debt was actually non-dischargeable. There is no reason for him to not list all his cards to get the interest removed even if it still leaves him on the hook for the taxes.

I think it's too early for him to fall for one of the post bankruptcy predatory CCs. People who get burned by credit tend to avoid it entirely because their lack of self control got them there to begin with and instead of learning some self control they just remove the temptation entirely. It'll take a little more time for something to come along to forget he got "burned" and dives back in. But one thing to consider, for all we know the horse has all the credit cards he could ever need.

People with mature brains, those that are hinged properly.... Would avoid credit. But, this is pigroach we're talking about. Knowing how much he makes every month, and how much he has to drop to maintain any level of relevancy in sweaty-men.bmp games... I can't imagine a scenario where he hasn't jumped head-long into those predatory credit cards just to get his fix. After all, he can absorb disability dollars and pay it off, right? He needs tho-that money, he really does, to pay his bills?

 

[hector85]

First off, Phil allegedly paid his taxes with a credit card.

The taxes weren't discharged in the bankruptcy.

Thus, Phil still has an active credit card account.

If Phil has an active credit card account, he will use it for dumb shit.

DEBUNKED

i think the taxes weren't discharged but the card was cancelled. phil was bitching about his payment plan getting messed up and needing money to pay his tax guy to get him back on it.

 

[actually]

i think the taxes weren't discharged but the card was cancelled. phil was bitching about his payment plan getting messed up and needing money to pay his tax guy to get him back on it.

There seems to be some confusion about and conflation of two separate tax things here.

1) Phil has talked about paying his taxes with credit cards in previous years. That debt, in theory, should not be dischargeable, but it seems, based on how the entirety of the debt was apparently discharged, that that's not automatic and the credit issuer has to make the challenge for that to happen.

2) When you don't pay the entirety of your federal taxes, you can apply to be put on a payment plan for the remainder, based on your income. This payment plan includes some fees and interest (I think), but those are generally negligible compared to being able to pay off the taxes over time. If Phil was paying THIS with credit cards, the card accounts being closed would fuck that up, and he would have to change how they were being paid.

Bonus issue: Phil claimed he didn't pay his 2019 federal taxes in full (shocker), so he needs a payment plan for that as well. That particular application was delayed to some extent by Covid, and any mention of it has been memory-holed without any resolution that I'm aware of. Presumably that means either the new payment plan application hasn't been processed or it was accepted and he's now making a higher monthly payment on tens of thousands of owed federal taxes.

 

[Balr0g]

Bonus issue: Phil claimed he didn't pay his 2019 federal taxes in full (shocker), so he needs a payment plan for that as well. That particular application was delayed to some extent by Covid, and any mention of it has been memory-holed without any resolution that I'm aware of. Presumably that means either the new payment plan application hasn't been processed or it was accepted and he's now making a higher monthly payment on tens of thousands of owed federal taxes.

Here is a thought: maybe Phil decided to pay of more of the taxes he owed when the vest streak grew. And now he needs that Money because he didn't think that the streak could ever come to an end and he is in over his head. Or can you adjust the rates on a flexible Basis? I am not familiar with this stuff since I never had tax issues so far.

 

[Iamfrigide]

There seems to be some confusion about and conflation of two separate tax things here.

1) Phil has talked about paying his taxes with credit cards in previous years. That debt, in theory, should not be dischargeable, but it seems, based on how the entirety of the debt was apparently discharged, that that's not automatic and the credit issuer has to make the challenge for that to happen.

2) When you don't pay the entirety of your federal taxes, you can apply to be put on a payment plan for the remainder, based on your income. This payment plan includes some fees and interest (I think), but those are generally negligible compared to being able to pay off the taxes over time. If Phil was paying THIS with credit cards, the card accounts being closed would fuck that up, and he would have to change how they were being paid.

Bonus issue: Phil claimed he didn't pay his 2019 federal taxes in full (shocker), so he needs a payment plan for that as well. That particular application was delayed to some extent by Covid, and any mention of it has been memory-holed without any resolution that I'm aware of. Presumably that means either the new payment plan application hasn't been processed or it was accepted and he's now making a higher monthly payment on tens of thousands of owed federal taxes.

How many years of being behind/delinquent before the IRS says fuck you, show me the receipts?

 

[Schmeckel]

How many years of being behind/delinquent before the IRS says fuck you, show me the receipts?

Unfortunately, if they're getting some sort of payment, they wont give two shits about things. If Dave was millions in the tax-hole, maybe. But, since it's nowhere near those amounts, he's safe enough re-applying for the payment plan and lumping the previous year's tax bill on the already-approved payment plan.

He'd be in the clear if he put the money that was freed up with his bankruptcy onto whatever outstanding tax bill, but how else would he get his beefcake bitmaps if he did that?

 

[Iamfrigide]

Unfortunately, if they're getting some sort of payment, they wont give two shits about things. If Dave was millions in the tax-hole, maybe. But, since it's nowhere near those amounts, he's safe enough re-applying for the payment plan and lumping the previous year's tax bill on the already-approved payment plan.

He'd be in the clear if he put the money that was freed up with his bankruptcy onto whatever outstanding tax bill, but how else would he get his beefcake bitmaps if he did that?

Queue up the Zenyatta clip.

How.... disappointing.

 

[Tumbo]

Could someone please explain to me how you "forget" to pay your taxes? they happen at the same time every single year. this both relates to Phil and someone I know IRL and I just can't wrap my head around it.

 

[actually]

Could someone please explain to me how you "forget" to pay your taxes? they happen at the same time every single year. this both relates to Phil and someone I know IRL and I just can't wrap my head around it.

Most people in a professional setting have their taxes effectively set aside for them throughout the year by whoever is doing payroll. As such, when taxes are due, you fill out a few forms, claim deductions, and you will generally either owe very little or get a refund because you overpaid throughout the year.

In Phil's case, because he is self-employed, he's supposed to be setting aside money each month based on an estimation of his income for the year. The IRS provides some form for you to do this, and Phil could handle it pretty easily by setting aside a percentage of whatever he gets from Twitch, Patreon, and tips, even with the natural fluctuations in income.

But Phil, by his own admission, used to just rely on getting a shitload of ad revenue money around the Christmas season and use that + credit cards to pay off whatever taxes he owed. Now that he doesn't have that, he has changed nothing and, at least for the past 2 years (and probably this one), has had to scramble to get enough of a down payment to get on an IRS payment plan because he's not set anything aside. The past 2 years (2018 and 2019), he could plausibly argue that his credit card debt payments made it hard for him to do this, but with his bankruptcy and the vest streak money, there is literally no reason he shouldn't have this year, except that he's a lazy turd who learns no lessons ever.

 

[Volthoom]

Could someone please explain to me how you "forget" to pay your taxes? they happen at the same time every single year. this both relates to Phil and someone I know IRL and I just can't wrap my head around it.

If it's your first time doing your taxes it's forgivable. But at Phil's age he's old enough to know better.

 

[Tumbo]

If it's your first time doing your taxes it's forgivable. But at Phil's age he's old enough to know better.

Exactly he's just irresponsible not to mention fucking terrible with money.

 

[TheGoutburglar]

Add to that the fact that even IF he were to decide to start setting money aside to pay his taxes, his gacha addiction would prove quite the hindrance to that plan. Which honestly makes it pretty hilariously appropriate that he lacks ad revenue and credit cards at a time where his addiction is kicking his ass the hardest that it probably ever has, because it's about damn time luck stopped fucking saving the piece of shit.

 

[Volthoom]

Exactly he's just irresponsible not to mention fucking terrible with money.

I'm pretty shit with money but at least Im able to ask for help with managing money. Phil's ego is roughly 1000,000 miles hight.

 

[Comma]

DSP's 2020 income from tips + an estimation of income from cheers and subs: https://kiwifarms.net/threads/darksydephils-2020-income-from-tips-and-more.82719/.

 

[Comma]

January 2021 tips total and stats:

• DSP received a total of $4,481 in tips during January (based upon the public-facing numbers from the streams)
• he received those tips by streaming 54 times, while he received $5,135 from doing "only" 48 streams in December
• $4,481 is the lowest amount he received since November 2019
• the total tip amounts per month have been on a steady decline ever since September 2020 ($6,641 in September > $5,617 > $5,473 > $5,135 > $4,481 in January)

 

[Balr0g]

January 2021 tips total and stats:

*Machinima voice* January is a slower month. I guess when the Biden bucks come rolling in in March it will go up again.

 

[REMEMBERMKULTRA]

I guess when the Biden bucks come rolling in in March it will go up again.

I can't wait to get my $600 dollar check next year!

 

[Hebrew Melvin]

So I don't know if this was ever addressed, but with it being tax season, I was curious and just started looking at taxes by state and found this

http://www.tax-rates.org/washington/corporate-income-tax

It says Washington business tax is basically zero.

 

[actually]

So I don't know if this was ever addressed, but with it being tax season, I was curious and just started looking at taxes by state and found this

http://www.tax-rates.org/washington/corporate-income-tax

It says Washington business tax is basically zero.

State income tax is 0. They have a business and operating tax that applies to DSP. The highest rate is 1.5%, applied to gross income.

 

[Balr0g]

Wait. 1,5%? Are you kidding me? If we estimate Phil makes 100k a year then he just has to pay 1500 dollar business tax per year? And that is even before we wager all deductables. Fuck me this idiot can't handle this much in taxes??? Though there should also be a personal tax for him as a person right? Still only this much? Damn is he incompetent