THOTdit: Neckbeard's Revenge

Cybsled

Bronze Baronet of the Realm
8,631
3,531
14d 8h 6m
Is the balance (on your twitch account that you accumulate) in USD? If the balance is in USD, then the moment you get the money, it's taxable. And by "you get", I mean by the time it hits your USD balance on twitch. Not when it gets in your bank account.
Bits, subs, and ad revenue go through Twitch, so that all gets reported.

Donations usually are outside Twitch, so whether or not that gets reported properly depends on what platform they are using to manage that. Shroud's is linked to paypal...J9 once tried to pay rent via a dono to troll chat for saying he was a freeloader, and Shroud said he was going to cancel it because he didn't want paypal taking a cut of the rent money lol.
 

AladainAF

Hard truths cut both ways
<Bronze Donator>
7,279
16,724
27d 10h 46m
Bits, subs, and ad revenue go through Twitch, so that all gets reported.

Donations usually are outside Twitch, so whether or not that gets reported properly depends on what platform they are using to manage that. Shroud's is linked to paypal...J9 once tried to pay rent via a dono to troll chat for saying he was a freeloader, and Shroud said he was going to cancel it because he didn't want paypal taking a cut of the rent money lol.
Again, no one is answering my question here. What matters for tax purposes is *when is your money USD* for when twitch is concerned. For example, if bits are bits, and you cannot "exchange" them into USD until a later time, then all the bits transfers, and such in the world can happen and its completely untaxed *until it converts to USD*. Again, I'm assuming bits is a centralized currency, which I'm sure it is (Twitch controls bits). However, if twitch pays your ad revenue in USD, and if subs are paid to you in USD, directly, into an account either handled by twitch or not, then that money is taxable the moment you get it. And by "you get it", that includes just showing up in a "USD Balance" area of the service (similar to the shot below).

In my SL Business, when I log on I clearly have a difference between USD and L$ balances:

1543781189120.png


That 17.5 million is worth about $70,000 USD considering the current exchange rate (It generally hovers around L$250 = 1 USD), but it's not taxed at all and I owe no taxes on it. All the money I make in L$ is untaxed. It's not taxed until I sell it on the currency exchange for USD. So if, hypothetically, some THOT wanted to accept payment in SL money, all of that L$ she gets is not taxed until she cashes out in USD (and in the above example would show on the right side). A really simple work around to this is to simply spread the money around to multiple accounts, and have them all cash out. Though lately, Linden has been smart about that, and if they see a lot of L$ going between avatars, before they let you cash out, you need to explain why you're paying them. Generally, though, this doesn't happen until you start going L$1,250,000+ transfers (5000 USD or more).

So if twitch, on your account, has something like a "USD" balance, or something similar to my screenshot above, any amount in that USD balance is taxed. Even if you spend the USD in that balance to pay for other twitch services, you're taxed on the income, and the other services is a business expense.

Gosh, I hope that's more clear. I'm just trying out of my own curiosity, to know how twitch handles this to see if I can think of a way they are using to work around it or not.
 

jayrebb

Vyemm Raider
3,144
2,365
16d 12h 15m
Tumblr was the censor-free platform for porn.

Also was used by independent sex workers to advertise. Another craiglists/backpage down boys. We're running out of platforms.
 
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Cybsled

Bronze Baronet of the Realm
8,631
3,531
14d 8h 6m
Lol Newgrounds taking advantage by offering themselves as a tumblr alternative. So many people are trying to access the site that it is crashing haha.
 
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Screamfeeder

Aegri Somnia
10,024
10,106
13d 12h 37m
How appropriate that you of all people are disgusted. A single Saturday night in your scene makes this thread read like a 2nd graders birthday party recap. Spare us the moral outrage dickwad.
What moral outrage? You're 100% correct about my weekends.

My post was more a comment on the biting/hand/feeding aspect of a bunch of incels trying to clog up their one pipeline that stops them from going full Elliot Roger.
 

Chanur

Not Soygen
<Gold Donor>
16,595
8,518
45d 17h 33m
Not to worry if there is one thing to count on there is always someone else willing to flash their skin for cash.
 
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Olebass

I'm a lead farmer.
14,367
39,478
32d 5h 25m
I opened up twitch to see a suggested stream of some thot in a hottub. She was purposely showing her ass in bending poses to make it more sexual all while her mods was banning people for making a comment how good her ass looked. All I could do was just shake my head on how shallow she must be inside and the only thing I could bring myself to type before going back to a mans gaming stream was This Hottub Owes Taxes.
 
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BoozeCube

The Wokest
<Moderation Tools>
13,346
57,619
74d 23h 53m
I opened up twitch to see a suggested stream of some thot in a hottub. She was purposely showing her ass in bending poses to make it more sexual all while her mods was banning people for making a comment how good her ass looked. All I could do was just shake my head on how shallow she must be inside and the only thing I could bring myself to type before going back to a mans gaming stream was This Hottub Owes Taxes.
I am still waiting for the day when shit blows the fuck up for twitch staff incels fucking thots in exchange for overlooking rules and promoting them over other streams. The day that shit backfires will be glorious.
 

iannis

Chairman Meow
25,253
18,389
35d 23h 14m
Again, no one is answering my question here. What matters for tax purposes is *when is your money USD* for when twitch is concerned. For example, if bits are bits, and you cannot "exchange" them into USD until a later time, then all the bits transfers, and such in the world can happen and its completely untaxed *until it converts to USD*. Again, I'm assuming bits is a centralized currency, which I'm sure it is (Twitch controls bits). However, if twitch pays your ad revenue in USD, and if subs are paid to you in USD, directly, into an account either handled by twitch or not, then that money is taxable the moment you get it. And by "you get it", that includes just showing up in a "USD Balance" area of the service (similar to the shot below).

In my SL Business, when I log on I clearly have a difference between USD and L$ balances:

View attachment 184878

That 17.5 million is worth about $70,000 USD considering the current exchange rate (It generally hovers around L$250 = 1 USD), but it's not taxed at all and I owe no taxes on it. All the money I make in L$ is untaxed. It's not taxed until I sell it on the currency exchange for USD. So if, hypothetically, some THOT wanted to accept payment in SL money, all of that L$ she gets is not taxed until she cashes out in USD (and in the above example would show on the right side). A really simple work around to this is to simply spread the money around to multiple accounts, and have them all cash out. Though lately, Linden has been smart about that, and if they see a lot of L$ going between avatars, before they let you cash out, you need to explain why you're paying them. Generally, though, this doesn't happen until you start going L$1,250,000+ transfers (5000 USD or more).

So if twitch, on your account, has something like a "USD" balance, or something similar to my screenshot above, any amount in that USD balance is taxed. Even if you spend the USD in that balance to pay for other twitch services, you're taxed on the income, and the other services is a business expense.

Gosh, I hope that's more clear. I'm just trying out of my own curiosity, to know how twitch handles this to see if I can think of a way they are using to work around it or not.
You're not taxed on that L$ until you withdraw it, but the transaction was taxed when a person bought the L$ to pay you with presumably. So taxes are still being paid. It's not actually tax free money.

I see your point. You are getting tax free exchanges within the game itself, in a manner of thinking, but that would be because the currency has changed. The host is gauranteeing those transactions and the stability of the market. IT's got nothing to do with dollars, actually, even if they both use the $ symbol. But that's not so strange... when you trade money into poker chips and then go play a hand you aren't paying a tax on every ante. You're taxed when you convert those chips back into money.

Your twitch account would be more akin to your paystub. Your L$ is more akin to you being paid in company scrip. Not even akin, really. It -is- company scrip. If you tried to withdraw it all at once and they denied you, i'm not sure what sort of legal recourse you would actually have. Probably very little. Obviously you've done well by each other so the trust is mutually beneficial... i'm just saying that if that company goes bankrupt your L$ translates into exactly zero dollars. If a twitcher tries to withdraw it all at once and twitch denies them, the twitcher has obvious legal recourse, specific protections even in the case of bankruptcy. That protection comes with a tax.
 
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Ronaan

Lord Nagafen Raider
931
315
8d 6h 18m
I am still waiting for the day when shit blows the fuck up for twitch staff incels fucking thots in exchange for overlooking rules and promoting them over other streams. The day that shit backfires will be glorious.
Twitch Sex Corruption Thread now!
 

Leadsalad

Cis-XYite-Nationalist
3,195
2,372
38d 5h 47m
Don’t underestimate the vileness skanks will fuck for money and attention.
These skanks have a huge stable of paying customers. The twitch staff probably included. Why select the worst of the bunch unless they threaten to ban your stream (could you take them to court for putting in writing a stream ban unless you do X)?
 
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Archmage Lightning Lord Rule

Lightning Fast
<Charitable Administrator>
3,209
13,453
82d 10h 23m
These skanks have a huge stable of paying customers. The twitch staff probably included. Why select the worst of the bunch unless they threaten to ban your stream (could you take them to court for putting in writing a stream ban unless you do X)?
He's got a point. If twitch staff were ruthless enough to pull off a scam like that they wouldn't be twitch staff.