Charlie Delicious_sl
shitlord
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Lets break down what B did to earn his 45k that crashed The Vision:
1. Told everyone "I'm Brad McQuaid"
1. Told everyone "I'm Brad McQuaid"
Ya, that's funny and all... But let's stop pretending there's no financial value in name recognition and brand equity. Unfortunately he's destroyed what little he had with this farce.Lets break down what B did to earn his 45k that crashed The Vision:
1. Told everyone "I'm Brad McQuaid"
He saw Star Citizen money and went "I can do that too, I'm a motherfucking gaming god".If it were a scam he wouldn't have gone through kickstarter in the first place. I believe he started out with good intentions, either through inspiration or desperation.
Sure there is value in it, but that value was somewhat diminished after Vanguard. It'll help raise money but because Vanguard happened, anything done on this project that gives the average person a sniff of what happened in VG will make them run away. Brad's error was he assumed that most people either forgot or just didn't care anymore about what happened with his last project when the reality was all that happened in Pantheon during the KS reminded people exactly what happened with VG.Ya, that's funny and all... But let's stop pretending there's no financial value in name recognition and brand equity. Unfortunately he's destroyed what little he had with this farce.
My favorite quotes from that response. (out of context...sure...but makes for great drama)Has this been linked already? Pantheon - State of the Game 7-9-2014:
https://www.pantheonrotf.com/blogs/1...he-game-7-9-14
At least it will be interesting to watch what they get done, how long it takes, if there is a playable game at the end and if its more fun than all the current MMOs
your way off, Paypal's business accounts are hit by the IRS, and i can tell you that VRI had a business account with PayPal because that's the only way they could setup a recurring charge. so all the money that is brought in will be taxed. also I donated to the cause. my donation per Paypal was not to Brad McQuaid but to VRI. There was no option to select gift, which would render the money untaxable. the 60ish VRI got off me was taxable according to paypal. one of the many reasons why businesses have begun to shy away from Paypal.Just a point of clarification: No one is going to pay taxes on Pantheon's KS(except for nominal listing fees which could be business expenditure written off I assume). It failed to fund so all pledges reverted back to the pledger as per KS's system. Donations were essentially paypal/private after the KS failed and still on going via McQuaid's website.
I liked these myself too and I'll address why:My favorite quotes from that response. (out of context...sure...but makes for great drama)
"It so happened that I had a friend who had been working on a religious niche MMO for years"
" I am not returning to be the Pantheon evangelist at this time"
"And that is why I'm so crazy"
"pledge money to us sooner as opposed to later. "
" trust me"
Again let's clarify what you were saying originally. You were addressing that theKickstarterwas going to be taxed.your way off, Paypal's business accounts are hit by the IRS, and i can tell you that VRI had a business account with PayPal because that's the only way they could setup a recurring charge. so all the money that is brought in will be taxed. also I donated to the cause. my donation per Paypal was not to Brad McQuaid but to VRI. There was no option to select gift, which would render the money untaxable. the 60ish VRI got off me was taxable according to paypal. one of the many reasons why businesses have begun to shy away from Paypal.
you are correct in regards to the failed kickstarter. however my point does revolve around any/all monies generated by the project. The question i have: is it possible that the missing money= tax money? i'll bet that number= your lost money.Understanding IRS 6050WAgain let's clarify what you were saying originally. You were addressing that theKickstarterwas going to be taxed.
I showed you that to be false because the kickstarter-failed-.
Ceder you are correct about the failed KS. i should have clarified. The money we are all talking about is the money that was pocked from the website. anything that was paid to VRI via paypal is and was taxable. now i guess the question remains...can the missing money be accounted for as tax?Understanding IRS 6050W
To further make it clear: when a kickstarter fails, no money is collected from pledgers:
Backer Questions Kickstarter
When is my card charged?
If the project you're backing is successfully funded, your card will be charged when the project reaches its funding deadline. If the project does not reach its funding goal, your card is never charged.
None.
Not one cent. So again nothing to be taxed beyond any fees Brad incurred from listing the KS etc.
At no point was I stating that the subsequent paypal/private donations directly to Pantheon via their website-after the failed kickstarter-were not going to be subect to taxation. They, including your faithful pledge, rightfully should be taxed(whether Brad does that properly or not though is another story ).
Brad was the only one will access to the accounts. No one else on the team would be on the hook for anything more than Brad paid them. If the IRS goes after VRI, only Brad will face the heat of it.you are correct in regards to the failed kickstarter. however my point does revolve around any/all monies generated by the project. The question i have: is it possible that the missing money= tax money? i'll bet that number= your lost money.Understanding IRS 6050W
of course Brad and his team could be completely inept in running a business, and may have not accounted for taxes. what was the corporate tax rate in California? They are a C-Corp 8.84 %What are the tax rates for corporations? | California Franchise Tax Board.
Your point has seemingly floated more than once from the emphasis on the KS to now this, which is fine, though a bit confusing.you are correct in regards to the failed kickstarter. however my point does revolve around any/all monies generated by the project. The question i have: is it possible that the missing money= tax money? i'll bet that number= your lost money.Understanding IRS 6050W
of course Brad and his team could be completely inept in running a business, and may have not accounted for taxes. what was the corporate tax rate in California? They are a C-Corp 8.84 %What are the tax rates for corporations? | California Franchise Tax Board.