Does DougDoug evade taxes?

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  • เผยแพร่เมื่อ 15 พ.ย. 2024

ความคิดเห็น • 725

  • @avivatar5288
    @avivatar5288 ปีที่แล้ว +7026

    Does this mean Doug can write off his 4 thousand dollars worth of olive oil purchases?

    • @taomasterwaka6287
      @taomasterwaka6287 ปีที่แล้ว +354

      He could if he became an olive oil streamer

    • @therandomjoshua
      @therandomjoshua ปีที่แล้ว +448

      Only the olive oil he drinks on stream

    • @Kuhmuhnistische_Partei
      @Kuhmuhnistische_Partei ปีที่แล้ว +234

      @@therandomjoshua I mean, him drinking olive oil is certainly a sort of bit that's part of his presentation as a streamer, so it could work.

    • @guyfieri6460
      @guyfieri6460 ปีที่แล้ว +45

      Pretty sure you're low balling that olive oil number LMAO

    • @jodencro
      @jodencro ปีที่แล้ว +13

      Hmmm. So I can be a breakfast burrito streamer and write off all of my the expenses from streaming it. Maybe ill be a Ferrari mechanic on twitch then I can write off all of the parts and labor! 😂 Thanks Doug. You have changed my life. Wow. You did it. WOOOOOWWWWWW

  • @Bigfoot404
    @Bigfoot404 ปีที่แล้ว +6167

    Doug should show his taxes then he can write them off too

    • @RainOrigami
      @RainOrigami ปีที่แล้ว +295

      *exploding brain sounds*

    • @zooning-6843
      @zooning-6843 ปีที่แล้ว +42

      I thought you could only write off things that cost money… (I know you making a joke, but I’m just trying to figure out how you would write off free information…)

    • @IsabelPerry
      @IsabelPerry ปีที่แล้ว +22

      @@zooning-6843 I traded all y friends for drogs and the inoter oh shit me and bye a strangery et yes

    • @riolkin
      @riolkin ปีที่แล้ว +80

      @@IsabelPerry I had a stroke trying to read this comment.

    • @MrRedpanda2442
      @MrRedpanda2442 ปีที่แล้ว +17

      @riolkin wdym that's perfect english

  • @TheMajesticSeaPancake
    @TheMajesticSeaPancake ปีที่แล้ว +2896

    Ironically the more chat complained about the Gerald Ford shirt not being worthy of a tax write off, the more legitimate Doug's claim got since the higher engagement made it more relevant to the job and made him money from the bits/message read-outs.

    • @GolfcuBebe
      @GolfcuBebe 7 หลายเดือนก่อน +67

      Chat is going to get charged for helping tax fraud💀

    • @dolphin1418
      @dolphin1418 6 หลายเดือนก่อน +28

      But if chat helps with tax fraud he doesnt commit as fraud

  • @cqrcin0
    @cqrcin0 ปีที่แล้ว +1476

    i love when doug says "you can legally kill me if i evade taxes" half of the chat is scared and the rest is excited

  • @therandomjoshua
    @therandomjoshua ปีที่แล้ว +3669

    I actually find it very interesting to hear how his tax write offs work as a streamer

    • @apeters8
      @apeters8 ปีที่แล้ว +446

      It works like this for every job. It's most common in self employed careers though.

    • @ktvindicare
      @ktvindicare ปีที่แล้ว +398

      It's a massive headache though, doing taxes becomes almost a second job when you are self employed like this. That's how accountants eventually get hired, it just becomes too much to do when you are trying to run a business.

    • @briankale5977
      @briankale5977 ปีที่แล้ว +12

      Any business*

    • @RealLifeIronMan
      @RealLifeIronMan ปีที่แล้ว +166

      Its perfectly legal, just know this is exactly how many wealthy people avoid paying taxes. Have a relative who owns a car dealership. He obviously writes off all the cars he buys as business expenses. However, he pockets a few cars for himself under his company's name and writes them off as business losses. The company is under his name, so in effect, he pays no taxes (because of all the tax write offs).
      Love DougDoug. Can guarantee he pays no taxes. Love him regardless.

    • @rodgerdodger2459
      @rodgerdodger2459 ปีที่แล้ว +42

      Similar for all self employed people. I do Uber and write off so much stuff. The charging cables, music subscriptions, phone bill, streaming services, mints/water, etc.

  • @deltalord6969
    @deltalord6969 ปีที่แล้ว +2515

    Doug should make a tax evasion video game i bet he would really know all the intricacies needed to hit it out of the park

    • @faland0069
      @faland0069 ปีที่แล้ว +35

      dougdoug's big adventure

    • @invertebrado
      @invertebrado ปีที่แล้ว +70

      Maybe do a videogame called "Pepperboy commits tax evasion" and make the story and character pretty funny, but add a really dark lore for no reason.

    • @arosbastion7052
      @arosbastion7052 ปีที่แล้ว +6

      he may not be good at 2d platformers, but he sure is good at tax evasion

    • @Naberius42233
      @Naberius42233 ปีที่แล้ว +33

      Have him play Turnip Boy Commits Tax Evasion. Amazing game too :)

    • @lazydonkey3617
      @lazydonkey3617 ปีที่แล้ว +1

      @@invertebradoturnip boy* it's a short game but it's pretty good

  • @PotentialLegend
    @PotentialLegend ปีที่แล้ว +866

    One of my favourite TH-cam videos of all time was when Tobuscus accidentally bought groceries with his business credit card, so he had to make a cooking video using all of the groceries he bought to avoid getting charged for tax fraud lmao.

    • @varogoth
      @varogoth ปีที่แล้ว +31

      I miss toby...

    • @92Roar
      @92Roar ปีที่แล้ว +55

      That’s a name I haven’t heard in a long time

    • @haxie4516
      @haxie4516 ปีที่แล้ว +3

      ​@@92Roarikr?
      Full on nostalgia wave
      What's he even doing these days?

    • @92Roar
      @92Roar ปีที่แล้ว

      @@haxie4516 on TH-cam it looks like he’s released like… 4 videos in the past year? After that whole sexual assault claim went out his channel kinda died. I have no idea whether or not they were verified or if they actually happened the idea of it was enough to make a tonne of people very uncomfortable

    • @PotentialLegend
      @PotentialLegend ปีที่แล้ว

      @@haxie4516 Spreading conspiracy theories on twitter lol

  • @DHVF28
    @DHVF28 ปีที่แล้ว +563

    Fun fact: Spiro Agnew, the guy that Gerald Ford replaced as Nixon’s Vice President, resigned as VP because he got caught for tax evasion.

    • @it_buddy
      @it_buddy ปีที่แล้ว +62

      that's pretty poggies

    • @courier6960
      @courier6960 ปีที่แล้ว +4

      I thought it was because he was crazy or something too

    • @LocseryuOfficial
      @LocseryuOfficial ปีที่แล้ว

      @@courier6960thats what those woke liberal irs bastards want us to think, we know the cold hard truth

    • @connorrussell2084
      @connorrussell2084 ปีที่แล้ว +17

      @@courier6960 a little column a, a little column b

    • @waltbriggs1821
      @waltbriggs1821 7 หลายเดือนก่อน +1

      Gerald Ford for next streamer!!!

  • @lucario_style
    @lucario_style ปีที่แล้ว +233

    I like how doug is all serious andtries to be convincing at the start, but after some time he just descends into madness and yells: "I GOT THIS SHIRT FOR FREE"

  • @calebharch7229
    @calebharch7229 ปีที่แล้ว +694

    Love how Doug almost always has a speed run timer going, for basically zero reason.

    • @theapollojusticefanboy7962
      @theapollojusticefanboy7962 ปีที่แล้ว +65

      Well there is a reason this time as Doug played 2d platformers recommend by chat to prove he’s good at 2d platformers and he could only play for 15 minutes so the timer was keeping track of how long he was playing and when to stop.

    • @modulusshift
      @modulusshift ปีที่แล้ว +220

      It's a comfort timer. Chat freaks out if they don't have a solid grasp on the passage of time

    • @blakksheep736
      @blakksheep736 ปีที่แล้ว +24

      @@modulusshift that being said, the timer is literally not running.

    • @CricetoFunni
      @CricetoFunni ปีที่แล้ว +62

      @@blakksheep736 Correction: They don't need a reference on the passage of time, just on the _concept_ of time. The timer not running is fine because it still shows _a_ time.

    • @blakksheep736
      @blakksheep736 ปีที่แล้ว +24

      @@CricetoFunni ah huh.
      Yeah Twitch Chat does seem like the kind of personality who'd forget that time exists if they didn't receive constant reminder.

  • @davidanoble
    @davidanoble ปีที่แล้ว +288

    Many business owners use their home as an office, and so they write off their own house as a business expense. However, this requires them to claim the house as a business asset. If they were to ever sell the company, they would lose the house, too. Sometimes this is legitimate, whereas sometimes they hardly use their house. DougDoug obviously streams from home, so if he bought a house I believe he could choose to do this. Only 90% sure this is correct info, tbf.

    • @2501Nero
      @2501Nero ปีที่แล้ว +45

      You can write off part of the rent/mortgage, since some of it is used for the business.
      Same for utilities.
      You normally want an accountant to handle that though

    • @rodgerdodger2459
      @rodgerdodger2459 ปีที่แล้ว +43

      It’d be a percentage since he only uses his office for streaming and not the entire house. Not sure how it’s calculated but probably as percent of the total square footage.

    • @Spiker985Studios
      @Spiker985Studios ปีที่แล้ว +6

      ​@@rodgerdodger2459My assumption would be the percentage of square footage times the average time spent on camera
      Which would give you the average cost of the room during the stream

    • @haxie4516
      @haxie4516 ปีที่แล้ว +13

      ​@@Spiker985Studios
      That makes sense, but "Square foot per hour" is a unit of measurement that wrinkles my brain

    • @HelloHamburger
      @HelloHamburger 4 หลายเดือนก่อน

      ​@haxie4516 Be glad you didn't do related rates in Calculus.
      Also, Chemistry can have some nonsensical measurements too like the "R" for gas formulas.
      Technically, the unit of measurement is not divided by. It's % of the square footage of the house that the room is (unclear if this has a unit with it but I assume it has the square foot unit) multiplied by average time spent on camera. Which, I don't know why average is used here and why they didn't just use the total amount of time it was used from the moment of purchase to the end of tax season.

  • @vorpalweapon4814
    @vorpalweapon4814 ปีที่แล้ว +205

    Having an image of you talking in your voice decades after your death talking about your death is dystopian.

    • @GaussianEntity
      @GaussianEntity ปีที่แล้ว +25

      The next step is to have an image of you talk about the moral and ethical implications of having an image of you talking in your voice decades after your death talking about your death in this dystopian landscape.

  • @Celestia282
    @Celestia282 ปีที่แล้ว +748

    I can't tell if chat is trolling Doug or if they just don't understand how tax write offs work. Both are entirely believable.

    • @neco5740
      @neco5740 ปีที่แล้ว +108

      Probably some that are one or the other and many that are both

    • @Naga_V
      @Naga_V ปีที่แล้ว +9

      Yes

    • @cthefro
      @cthefro ปีที่แล้ว +22

      Honestly as someone who works as a team accountant I doubt the average person has any understanding how it works.

    • @temari2860
      @temari2860 ปีที่แล้ว +13

      And many people aren't from US@@cthefro

    • @jstar3382
      @jstar3382 ปีที่แล้ว

      They don't understand, definitely

  • @bees3001
    @bees3001 ปีที่แล้ว +793

    If doug does a house tour can he use the house as a tax write off

    • @adventurMan5
      @adventurMan5 ปีที่แล้ว +56

      I'd be difficult but it's crazy how possible it is

    • @Lemon-wl8ob
      @Lemon-wl8ob ปีที่แล้ว +121

      ​@@adventurMan5we need to ask parkzer for help

    • @durdleduc8520
      @durdleduc8520 ปีที่แล้ว +69

      @@adventurMan5 it's not really that possible lol. it's like the t shirt joke. he bought the house for personal reasons first and benefits from it separate from work every day

    • @gredystar8333
      @gredystar8333 ปีที่แล้ว +58

      No. unless that house was purchased specifically for streaming or other business activities and nothing else and it is used on a regular basis. Both need to be true; it needs to see constant regular use for business purposes and remain exclusive to his business and not personal use. so doing one stream once would not be enough to clear the regular use part of the requirement. if that is where he did his edits and planned for streams, and he doesn't live in it, then yeah, absolutely.
      Important to note, he doesn't need to claim the entire property. If he has a room specifically for streaming, he can deduct that entire room along with utilities, maintenance, and repairs, heck even the depreciation of the value of his equipment in it. so, the fact that his gaming computer is both getting obsolete, and losing value due to use are deductible. and how value to that depreciation is calculated is just left up to you, as long as it is something "reasonable" and loosely based on real market prices.

    • @T0MMYNAT0R
      @T0MMYNAT0R ปีที่แล้ว +3

      ​@@gredystar8333He can rent it to himself.

  • @formerlyknownasmousecopp4367
    @formerlyknownasmousecopp4367 ปีที่แล้ว +644

    The next game Doug should play is DougDoug Commits Tax Fraud, because he is clearly really good at it

    • @dissect123
      @dissect123 ปีที่แล้ว +14

      He is playing the best tax fraud of his life.

    • @akshaynd95
      @akshaynd95 ปีที่แล้ว +15

      I may get wooooshed for this, but there is literally a game called "Turnip boy commits tax evasion."

    • @levelmake7758
      @levelmake7758 ปีที่แล้ว +5

      That’s impossible since DougDoug Commits Tax Fraud is a 2d platformer, and Doug sucks at 2d platformers.

    • @formerlyknownasmousecopp4367
      @formerlyknownasmousecopp4367 ปีที่แล้ว +2

      @@akshaynd95 Yeah I've seen that game it's adorable. Would be very relatable for Doug

    • @highqualitygrunt8195
      @highqualitygrunt8195 10 หลายเดือนก่อน

      ​@@akshaynd95QUICK, SOMEONE TELL HIM ABOUT THE WORD ON THE CEILING

  • @OrangeJuiceRightNow
    @OrangeJuiceRightNow 3 หลายเดือนก่อน +9

    that red dot going exactly through the settings and quit buttons without going outside of the lines at 1:27 changed my life

  • @happywithsugar7394
    @happywithsugar7394 ปีที่แล้ว +89

    the person saying "DONT WRITE US OFF" lmaooo

  • @briankale5977
    @briankale5977 ปีที่แล้ว +77

    Turnip Boy Commits Tax Evasion is 66% off right now on Steam, and with your streaming tax deduction, it's practically free. When can we expect a play through?

  • @AeyakS
    @AeyakS ปีที่แล้ว +862

    Man, wait until the twitch chatters find out you can donate to charity, which can exempt you from income taxes in most cases.

    • @jordanloux3883
      @jordanloux3883 ปีที่แล้ว +46

      Considering you need to spend a certain amount on charitable donations before they can be deductible, I don't see that changing much

    • @SprintToggle
      @SprintToggle ปีที่แล้ว +153

      why do you think doug does the rosa streams?

    • @noxciel5073
      @noxciel5073 ปีที่แล้ว +75

      @@SprintToggle He cant write it off because technically most of the money isnt his and he only acts as a bundler

    • @sarahmellinger3335
      @sarahmellinger3335 ปีที่แล้ว +16

      do it on stream get negative tax

    • @AeyakS
      @AeyakS ปีที่แล้ว +22

      @@jordanloux3883 Yeah it does need to be a considerable amount, and it doesn't actually mean you're paying less money to charity than you would to the IRS. However, it's a lot like choosing where you think your tax dollars should go to instead of it just going to the government.

  • @Jabersson
    @Jabersson ปีที่แล้ว +79

    That bit about Doug asking people to name something about Gerald Ford killed me way more than it should've

  • @MarkSchmidtTheRecoverySystem
    @MarkSchmidtTheRecoverySystem ปีที่แล้ว +149

    You mean to tell me THIS VIDEO ONLY SERVES THE PURPOSE OF WRITING OFF A SHIRT ON HIS TAXES?

    • @Smileyrat
      @Smileyrat ปีที่แล้ว +17

      Yes

    • @bzipoli
      @bzipoli ปีที่แล้ว +9

      he found the loophole

    • @Door227
      @Door227 ปีที่แล้ว +3

      I need to become a TH-camr so I can get away with my tax fruad

  • @Baby_boodle
    @Baby_boodle ปีที่แล้ว +76

    This is such a perfect edit of the hilarious part of the stream, I love how well it shows the ridiculous Gerald Ford tangent too!

  • @bathamsteryt
    @bathamsteryt ปีที่แล้ว +115

    It seems we have a new favorite U.S. President in the DougDoug community give it up for Gerald Ford the guy that never won a presidential or Vice presidential election

    • @FyrFeline
      @FyrFeline ปีที่แล้ว +3

      I already loved him enough to write a 8 page essay on him in 7th grade 🤣

  • @feedweeb8856
    @feedweeb8856 ปีที่แล้ว +219

    as an accountant, it's scary how little people know about taxes

    • @bzipoli
      @bzipoli ปีที่แล้ว +13

      are all accountants devoid of sense of humour or just you? you shouldn't be, bc you're part of doug's audience bro

    • @conorfromouterspace
      @conorfromouterspace ปีที่แล้ว +68

      @@bzipoli man are you a silly-pilled goosecel

    • @nevada2765
      @nevada2765 ปีที่แล้ว +1

      @@bzipoli gimme a hug! !,,, ,!!! , !

    • @PouLS
      @PouLS ปีที่แล้ว +21

      Tbf tax laws are different from country to country.

    • @cthefro
      @cthefro ปีที่แล้ว +1

      ​@@bzipolinot saying op is but most are from someone who is a tax accountant.

  • @firockfinion3326
    @firockfinion3326 ปีที่แล้ว +46

    From talking about tax write-offs to making an AI Gerald Ford. What a crazy ride Doug's content is.

  • @Hariol_
    @Hariol_ ปีที่แล้ว +31

    This is one of those moments where I can't tell if chat is fucking with him or genuinely doesn't understand. Not trying to say it's super common knowledge, but at the very least I understand what he's talking about.

    • @bzipoli
      @bzipoli ปีที่แล้ว +4

      its a joke. he says it himself there must been a group of people (implied small) who doesn't know - but in like 8k people you can find almost anything. doug's audience is unusually smart for their age, specially on twitch (not including myself i'm way way older than his general audience)

  • @pogies
    @pogies ปีที่แล้ว +101

    I can't believe DougDoug wrote off his twitch chat to get it for free. What a guy.

  • @kaydonbob03
    @kaydonbob03 ปีที่แล้ว +52

    I hate that the person said it's fraud in Canada because it's not. In fact we have lesser laws on business expenses and its much easier to claim

    • @marcar9marcar972
      @marcar9marcar972 ปีที่แล้ว

      Yeah, people think there’s a bunch of laws in Canada protecting the people but last time I checked, churches are being burned, veterans euthanized, and what, you can fined for speech?

    • @bzipoli
      @bzipoli ปีที่แล้ว

      why would you hate someone for doing a joke

    • @kaydonbob03
      @kaydonbob03 ปีที่แล้ว +29

      @@bzipoli this was also a joke. As a Canadian, we don't have the ability to actually hate someone

    • @Door227
      @Door227 ปีที่แล้ว

      @@kaydonbob03Canadians also don’t have the ability to exist because Canada isn’t real

    • @malikajupiter9835
      @malikajupiter9835 8 หลายเดือนก่อน

      Wait so it's not fraud in Canada lol?

  • @Anti-i25
    @Anti-i25 ปีที่แล้ว +35

    I love how even Doug's clips have their own subplots now.

  • @Sillysaurus1
    @Sillysaurus1 ปีที่แล้ว +22

    I like how this introduces the idea of an anti-tax fraud stream where you buy a whole bunch of games, then you have to speedrun them on December 31st or else you get sued for all of your networth

  • @dickygushy
    @dickygushy ปีที่แล้ว +92

    The fact that some people in chat think he's getting money back for it means they were probably committing some kind of tax fraud by doing their taxes wrong

    • @DondlFondl
      @DondlFondl ปีที่แล้ว +32

      Or kids. Much more likely.

    • @JayJonahJaymeson
      @JayJonahJaymeson ปีที่แล้ว +12

      I don't think it's something most folks really have to deal with in more typical jobs.

    • @misham6547
      @misham6547 2 หลายเดือนก่อน

      Or they are not self employed

  • @MagnumCarta
    @MagnumCarta ปีที่แล้ว +6

    I can't wait to see Pajama Sam & The Ghost of Al Capone in "How I Learned To Stop Worrying And Love The Tax Bureau".

  • @hershloodu8925
    @hershloodu8925 ปีที่แล้ว +6

    I really like how this video pivots to a Gerald Ford video

  • @Nicknam316
    @Nicknam316 ปีที่แล้ว +65

    As a fellow tax evader my self these are really good and useful tips 👍

  • @rhysdog8600
    @rhysdog8600 ปีที่แล้ว +41

    if anything doug said were true he would have just got parkzer on to tell chat. the only reason he didn't bring parkzer on is because he knows he's guilty

  • @RyanHeynsbroek
    @RyanHeynsbroek 4 หลายเดือนก่อน +1

    this is legitimately the first time i’ve ever understood how writing off things on your taxes works, doug explained it better than anyone ever has.

  • @Vichroma
    @Vichroma ปีที่แล้ว +7

    this went from discussing tax writeoffs to making an AI Gerald Ford so fast

  • @quiteindeed6809
    @quiteindeed6809 ปีที่แล้ว +23

    Next he's going to say that purchasing food is a business expense because you can't run a business without a living person or something.

    • @Smileyrat
      @Smileyrat ปีที่แล้ว +7

      Aperently, if bought for and eaten on stream, it can be. I think chat asked that in this stream. Or i may be thinking of a parkzer stream.

  • @Daszkal
    @Daszkal ปีที่แล้ว +28

    You can see the frustration in how the discourse is so idiotic that you literally can't tell who is just joking and who genuinely doesn't understand basic personal finance.

  • @melonoverlord243
    @melonoverlord243 10 หลายเดือนก่อน +2

    I love how he switches from saying that it wasn’t free but he didn’t have to taxes on it to saying he got it for free.

  • @Xanek
    @Xanek ปีที่แล้ว +6

    Hearing the ai Gerald Ford say poggies is hilarious

  • @deff8487
    @deff8487 ปีที่แล้ว +46

    Every time Doug hurts himself, like in a car accident, he just has to be streaming it all the time. Boom, free healthcare.

  • @philie93
    @philie93 ปีที่แล้ว +4

    I was so ready for it to come full circle with Spiro Agnew (that vice president who resigned) resigned because of TAX FRAUD!

  • @megus_vae
    @megus_vae ปีที่แล้ว +13

    Can't wait for the Parkzer Arrests DougDoug For Tax Evasion stream!

  • @SpyGuy13
    @SpyGuy13 ปีที่แล้ว +10

    Why is half the video about Gerald Ford

  • @TieflingKumasi
    @TieflingKumasi ปีที่แล้ว +9

    I’ll be honest. I’m 31 years old. In that E N T I R E time, I never understood how writing off taxes worked. 1:55 actually helped explain it just a little easier.

  • @WillKeaton
    @WillKeaton ปีที่แล้ว +6

    Genuinely surprised he didn't end up phoning Parkzer.

  • @john95713
    @john95713 10 หลายเดือนก่อน +2

    I know some stuff about Gerald Ford, My Mom actually ran into him at a bicentennial event while he was president

  • @trillman1111
    @trillman1111 ปีที่แล้ว +9

    Does this mean Parkzer was free? Crazy how he gets free legal and police advice from the government now

  • @AbsolXGuardian
    @AbsolXGuardian ปีที่แล้ว +4

    To explain this situation. Say Doug makes 10k from steaming (his pre-tax dollars) and then spends 1k on business expenses. Then he only has to pay taxes on 9k dollars.

  • @cobalt2672
    @cobalt2672 ปีที่แล้ว +9

    I can't unsee that Doug did the masking wrong so there's a hole in Gerald's stomach

  • @TheXboxReviewer
    @TheXboxReviewer ปีที่แล้ว +9

    I can't believe we're complicit in Doug's tax crimes.

  • @ImNotGam
    @ImNotGam ปีที่แล้ว +1

    I love the clips channel so much because the random tangents are amazing and I love them.

  • @andrewmtula
    @andrewmtula ปีที่แล้ว +4

    "My dear friends. My fellow Americans. George Washington" (с) Gerald Ford, 1974

  • @samuelbeale1017
    @samuelbeale1017 ปีที่แล้ว +3

    So that's why he did a house tour, he just made the house and everything in it free!

  • @Tim_593
    @Tim_593 ปีที่แล้ว +4

    I feel like this could have been a great opportunity to call Parkzer

  • @john236613
    @john236613 10 หลายเดือนก่อน +2

    Talk all the shit you want to about Gerald Ford, but he's got an aircraft carrier named after him.

  • @CosmoNoBones
    @CosmoNoBones ปีที่แล้ว +2

    Only thing I know about gerald ford is that he started a conflict by putting ships by a coastline to be shot at, great leader

  • @T0Ommer
    @T0Ommer ปีที่แล้ว +61

    He finally admitted tax fraud

    • @anthonybowman3423
      @anthonybowman3423 ปีที่แล้ว +2

      Law as written, you can only write something off as a work expense if it isn't something you would use outside of work. Like, just using your car once for a work trip doesn't make the car a tax write off if it's usually your personal vehicle. Given, it's hard to prove and usually not pursued unless it's something really obvious or egregious. Most tax professionals won't even worry about it for most things. But technically... ehhhh...

    • @bzipoli
      @bzipoli ปีที่แล้ว +3

      WE GOT HIM BOYS

  • @cee_ves
    @cee_ves ปีที่แล้ว +2

    Dougdoug is going to stream himself walking into a million dollar mansion so he can get it for free

  • @goodhelmetjunior3399
    @goodhelmetjunior3399 ปีที่แล้ว +34

    Reminder that tax evasion is illegal, but tax AVOIDANCE, is legal.

  • @WinderTP
    @WinderTP ปีที่แล้ว +6

    I cannot believe you helped Doug evade taxes for his shirts and TotK purchase by making this video, editor

  • @requiemforameme1
    @requiemforameme1 ปีที่แล้ว +2

    “Mom you won’t believe this, but my new job comes with a free $500 to buy sneakers and juice! It’s called an HSA or something!”

  • @bell5377
    @bell5377 ปีที่แล้ว +8

    Thank you mister streamer for explaining tax write offs to me. I actually feel like I understand it better now LOL

  • @UnTotal1-Requess
    @UnTotal1-Requess 10 หลายเดือนก่อน +2

    As Doug’s taxes, I can confirm that he does evade me. 😢 come back dad

  • @redhandsbluefaces
    @redhandsbluefaces ปีที่แล้ว +10

    it figures twitch chat has no idea how running a business works

  • @prons_gaming5083
    @prons_gaming5083 ปีที่แล้ว +3

    Can someone please tell me why i learned how tax write offs work from DougDoug and not from the class I took in high school about owning your own business

    • @KingFunky
      @KingFunky ปีที่แล้ว +1

      Honestly. 3 years in business college with a module of civil law and this 8 minute video has taught me more

  • @thisishandlenumber2048
    @thisishandlenumber2048 ปีที่แล้ว +8

    To help people understand better tax write-offs are basically a way to get assets for cheaper than their normal cost but write-offs will never get you cold hard cash. To use the Tears of the Kingdom example from the video the game costs $60, with a tax rate of 30% if Doug keeps that $60 as profit then after taxes he has $42. If he buys the game and writes it off instead then he's essentially paying $42 for the game because that's how much money he would have had if he never bought it.
    However any purchase Doug makes that can't be written off has to be done with taxable income. Like let's say socks since his feet are never on stream. If Doug wants $42 worth of socks he first has to make $60 from streaming, pay the taxes on the income, then use the leftover money for the socks.
    In this way you can think of write-offs as a 30% off coupon for anything that Doug can use for his business. Still really powerful, especially with how flexible writing things off for his job is, but he's not getting anything for free and he's still ultimately paying taxes. Just like how coupons save you a lot of money when shopping but at the end of the day you still have to buy the things you're using coupons on with real money, just less money than you originally had to.

    • @Birb728
      @Birb728 ปีที่แล้ว +5

      So you're saying that dougdoug need to show his feet for content

  • @CleverFrenchName
    @CleverFrenchName ปีที่แล้ว +4

    Does that mean the bunny suit was a tax write off

  • @ebenezer-scrooge
    @ebenezer-scrooge 6 หลายเดือนก่อน +1

    the only reason this clip exists is to write off that gerald ford short

  • @TheCat_3
    @TheCat_3 ปีที่แล้ว +3

    The real reason why the clips channel exists, just so he can make sure it's all deductible

  • @greenpotato8744
    @greenpotato8744 ปีที่แล้ว +10

    Doug so lucky he can get infinite amounts of olive oil for free

  • @OGMusicaldoodle
    @OGMusicaldoodle ปีที่แล้ว +2

    More things he is able to write off, the section in his house he streams in, internet, and now ford

  • @horse_plinko
    @horse_plinko ปีที่แล้ว +2

    I knew a guy who edited the Wikipedia page for Gerald Ford and replaced the image in the infobox with a near-identical image with a slightly larger forehead. I don't associate with that guy anymore, but the bit was very funny.

  • @BigBuckies
    @BigBuckies ปีที่แล้ว +13

    the reason I know Gerald Ford pardoned Nixon is that I once saw a political cartoon drawing in a school textbook of Nixon driving a Ford car to freedom

  • @WindStreak_
    @WindStreak_ ปีที่แล้ว +4

    Wait, this also means that all the fast food he ate was tax deductible

  • @fencserx9423
    @fencserx9423 7 หลายเดือนก่อน +1

    What we all learned here is that Doug is in a 30% tax bracket

  • @sincuenta6196
    @sincuenta6196 9 หลายเดือนก่อน +1

    In Spain, TH-camrs started to escape once the government started to tax them

  • @ConnanTheCivilized
    @ConnanTheCivilized 8 หลายเดือนก่อน +1

    4:09 IRS: Gosh Darn, that man has foiled us again! We must prevent him from joining forces with that Turnipchino kid at all cost.

  • @SuidicalRaccoon
    @SuidicalRaccoon 4 หลายเดือนก่อน +1

    Doug began talking about Ford just to make it a tax write off.
    Thats my streamer

  • @Mr_Mystic
    @Mr_Mystic ปีที่แล้ว +18

    "How to Evade Taxes, ft DougDoug."

  • @tunakann7629
    @tunakann7629 ปีที่แล้ว +2

    I didn't even realize I was being used to cover up tax evasion until the video was already over.... Well played Doug....

  • @horkah6966
    @horkah6966 ปีที่แล้ว +4

    Day after day I realize me and DougDoug are not so different after all

  • @faiaflrt
    @faiaflrt ปีที่แล้ว +1

    Well, they are kind of right about the “can only write off items that you only use for your business” thing (as of my last official conversation on the matter). For instance, you can only write off a home office if it’s exclusively used for the business. You can’t technically play games for fun in there, or have a bed in the room.

  • @General12th
    @General12th ปีที่แล้ว +1

    And so, Gerald Ford is subsumed into the DougDoug cinematic universe, alongside Saul Goodman, Thanos, and God.

  • @ParityS
    @ParityS ปีที่แล้ว +2

    The only thing I know about Gerald Ford is that apparently he fell over a lot.

  • @forbidden_muffin
    @forbidden_muffin 6 หลายเดือนก่อน

    Its a 7 minute video and yet skipping through it without context is a wild experience, going from tax evation to gerald ford

  • @daxmasterix
    @daxmasterix ปีที่แล้ว +3

    Doug is right, although he missed the part that the games aren't property of him but rather, assets of his company/business.

  • @Wato-1876
    @Wato-1876 6 หลายเดือนก่อน +1

    i like how even the derailment derails

  • @MimiUsagichan
    @MimiUsagichan 10 หลายเดือนก่อน +1

    chat not understanding taxes

  • @emma_nutella58
    @emma_nutella58 4 หลายเดือนก่อน

    Glad to know the streamer I look up to also likes to evade taxes

  • @theooooot9469
    @theooooot9469 ปีที่แล้ว +5

    Doug should let us do his taxes

  • @diabolicallink
    @diabolicallink ปีที่แล้ว +3

    A Whole ass video so he can get his Gerald Ford shirt for free smh

  • @likeapro4242
    @likeapro4242 ปีที่แล้ว +2

    I unironically use this stream to sleep when I’m especially feeling the insomnia. I don’t know why, but Gerald Ford speaking absolute nonsense because of Twitch chat while Doug keeps silent helps me absolutely conk out

  • @havoccrazed7396
    @havoccrazed7396 ปีที่แล้ว

    You can see the regret on his face after he says it because he instantly knows what’s going to happen

  • @krossxeye660
    @krossxeye660 ปีที่แล้ว

    The best line I've heard about being an accountant is "Passing Market Ethics with flying colors makes you less money than barely skirting by with a D."

  • @cakestealer5983
    @cakestealer5983 ปีที่แล้ว +2

    I don’t even know how to get a job and I still knew this wtf?

  • @kryskiller666
    @kryskiller666 ปีที่แล้ว +2

    Remember, Tax Evasion is not a crime.
    It's an obligation.

  • @sansrriorar3967
    @sansrriorar3967 9 หลายเดือนก่อน

    at the very start, he said "it's literally not" exactly like parkzer does. this is true love

  • @VynilCat
    @VynilCat ปีที่แล้ว +39

    YES he does and we all know it am I right?