Entertainment

MrBeast reveals tricky tax situation after giving away millions of dollars

Published: 10/Apr/2019 17:30 Updated: 11/Apr/2019 4:21

by Eli Becht

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Jimmy ‘MrBeast‘ Donaldson is known to give out large amounts of money to random people, but this comes with a toll when he files his taxes each year.

If you’re a small Twitch streamer and you’ve ever seen MrBeast’s name pop up in your channel, you know you’re in for a good time.

MrBeast is known for donating large sums of money to various streamers, the amounts of which can reach upwards of tens of thousands of dollars. As MrBeast has recently discovered, this creates a problem when tax time rolls around.

MrBeast has a lot to deal with when it comes to taxes

In a recent episode of the H3 Podcast, MrBeast was a guest and he touched on his complicated tax situation due to his constant charitable efforts.

“The hard part is when I give my boys $100K to spend, who pays taxes on it?” MrBeast asks. “Them? They can’t taxes on it so I guess I have to pay taxes on it.”

He brings up an interesting point about game shows requiring winners of cars or vacations to pay taxes on the prize, which he guesses leads people to not accept the prizes at all.

MrBeast says he spent $500K last year on videos which will no doubt be messy when he goes to file them this year.

MrBeast, Twitter2018 represents the most money MrBeast has ever spent in a year.

Are MrBeast’s donations tax deductible?

When asked if his videos would open him up to a tax deduction since his donations are actually expenses, MrBeast didn’t sound so sure if that was the case.

“I’m pretty sure someone has to pay,” he said. “We’re going to find out.” 

He also mentions that even if someone gets gifted something like a car, they will still have to pay taxes on it, despite not buying it themselves. He shared an example of buying a car for one of his friends, which also echoes back to winning a car from a game show.

“I buy him a car and then it’s like pay $8,000 on this car I gave you when they don’t have $8,000,” he said. “That’s the dilemma so I have to take it upon myself.”

Entertainment

James Charles sparks heated beef with rapper Asian Doll over makeup artist fees

Published: 15/Jan/2021 23:17

by Virginia Glaze

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YouTube star and makeup mogul James Charles has started some unexpected beef with rapper Asian Doll after she made a divisive tweet over the price some makeup artists charge for their work.

James Charles is known for getting into the occasional Twitter spat with high-profile celebrities; in August 2020, the YouTuber called out music artist Alicia Keys for her then-unreleased skincare line, which he mistakenly interpreted as another celebrity cash-grab in the makeup biz. (This was not the case.)

Now, it seems that Charles has struck up a feud with none other than Dallas-based rapper Asian Doll — the first female rapper to be signed to Gucci Mane’s very own record label, 1017 Eskimo Records.

It all started over a post Asian Doll made on January 15, where she took issue with makeup artists charging hefty fees for their services.

 

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A post shared by Queen Von (@asiandabrat)

“If you charge over $150 to do a face of makeup, you can go to hell, respectfully,” she wrote.

Charles was quick to clap back: “What a stupid tweet. One foundation can cost $50, artists have to buy EVERY SHADE for their kit, & thats just the first step…Either pay an artist’s rate for their time & skill, do it yourself, OR get it done at a counter and risk looking busted.”

It seems that Charles’ reply has sparked an avalanche of backlash against him from Asian Doll’s fans, with many accusing him of overstepping his bounds.

Charles has apparently messed with the wrong rapper, as Asian Doll was also quick to fire shots at the beauty guru in a series of additional tweets.

“What a dumb a** to be in my business replying to something that has absolutely nothing to do with you. I’m having a debate about HOOD PRICES baby, stay over there in HOLLYWOOD where they having you looking GHOST,” she wrote — most likely referring to the infamous photo of James Charles wearing foundation several shades lighter than his natural skin tone.

“Literally stop robbing the poor,” the rapper added in a now-deleted reply. “All I’m saying is people shouldn’t have to pay over $150 for a face, DATS IT!”

It seems that Asian Doll’s post has stirred up quite the debate regarding the value and pricing of makeup artists’ time and work in her comments section — but James’ involvement in the conversation has sparked another kind of conversation, altogether.