Originally Posted by
Dan Druff
Or in Chrissy's case:
- Lose most of the money you made from your scam because you're a compulsive gambler with a -EV strategy
But yeah Chrissy probably writes off everything (the expensive meals, the trips, the hotels rooms, the condo) as a "business expense", and he justifies it by claiming he has to spend this money to project a "millionaire lifestyle" in order to bring in interested suckers... er, customers.
No doubt a lot of this would fail to hold up under scrutiny, even if it is actually true that a lot of these stupid expenditures actually do help convince gullible fools on YouTube that he's really a millionaire.
His lack of a pot to piss in at the end of each year will actually help him, were he ever to get audited. However, even if he can prove he was broke or near broke on December 31 of 2020 and 2021, that still wouldn't necessarily absolve him of the responsibility to pay taxes on what he did "earn".