MrBeast reveals tricky tax situation after giving away millions of dollars - Dexerto

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


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.”

World of Warcraft

Shroud explains why WoW feels “completely different” in Shadowlands

Published: 25/Nov/2020 2:37 Updated: 25/Nov/2020 2:43

by Alex Tsiaoussidis


Like most popular streamers, Shroud has been getting stuck into the World of Warcraft: Shadowlands grind, but although he’s enjoyed it so far, he said he feels like the game is “less immersive” than it used to be.

World of Warcraft: Shadowlands has taken the world by storm ever since it launched on November 23. Players have been hopping back into Azeroth to take the reigns of their characters once again.

Popular streamers like Mike ‘Shroud’ Grzesiek have been getting stuck into the grind too. He’s been very open about how much he loves the game and has streamed hours upon hours of World of Warcraft Classic. He even said he was willing to lose viewers to stream it.

Shroud World of Warcraft Shadowlands
Activision-Blizzard / Shroud
Shroud has thoroughly enjoyed playing World of Warcraft for many years now.

However, Shroud isn’t blinded by his love and adoration for the game. He still has some criticism for World of Warcraft: Shadowlands and MMORPGs in general, and he mentioned them in his latest stream.

“I feel like [MMORPG’s] and WoW, in general, have transcended into something completely different,” he said. “In the past, you [played] because you were immersed. You were leveling up your character. You were getting new items. It felt good to be more powerful and do better things.”

“Now I feel like WoW is like play with friends and kill some shit,” he said. “That feeling of immersion and truly having an impact on the world and your character feeling there has kind of nullified.”

“When I played vanilla WoW in 2005, I was 11 years old, and it felt amazing,” he said. “It felt incredible. It felt like I was in my own realm. I was in my own world. Now it doesn’t feel like that. That feeling is gone.

The relevant part of the video starts at 2:00.

It’s a sentiment that others have echoed time and time again. The consensus is that MMORPGs have been streamlined throughout the years.

However, it hasn’t stopped millions of players, including Shroud, from enjoying World of Warcraft: Shadowlands. 

Plus, despite his criticism, he thinks now is the “best time” for new players to start playing the game because the new leveling process is “really cool.”