Mr Beast has a crazy tax bill

MrBeast is the king of KZbin, where many have reported he is now worth over a billion dollars. The question however is, is he paying taxes? Today, our channel's creator Charles Peralo looks at US tax law and examines deductions as well as shields in the tax system to see what MrBeast is paying and if it’s enough?
We go over the following:
- The rise of Mr Beast and exactly why he’s popular
- How US taxes work
- How tax deductions work
- The flat tax proposal
- Is this a good or bad thing?

[@Rockyroad321]

Seems poll boy has two entirely different audiences, this the first time I ever heard his voice.

[@MikeInHalifax]

Most do hus polls and correct him in the comments. He makes a lot of mistakes. This video is boring. He jas a good voice for true crime perhaps but too monotonous here. It's vaguely accurate, lots of bragging but some helpful information as well I am sure. Nothing at all to do with Mr BEAST except as an example to show his point. That he pays some taxes. Idk Im not a content maker.

[@Unofficial.Kvrsed]

"poll boy" is crazy 💀

[@jsega]

I’m sure we all are for doing what we do 🙏🏼

[@marx665]

I love that almost everyone on his channel in the comments section just unanimously wishes this guy would leave..

[@chrismichaelis7259]

Well well Mr Poll Boy, we finally meet

[@SupraBagels]

I know it’s rude but the “poll boy” is hilarious

[@slobiden.2593]

The craziest tax loop is the loans. Say my company made a million dollars profit and I want all of it. But if I declare it as income. I lose a huge chunk. I keep it in my business account. Instead I take out a million dollar loan. Do whatever I want with it and use the left over money to pay off the loan over the term of the loan. Even if the interest rate is 10 percent. It’s less than the tax bill and it’s also a deductible expense. It’s how Billionaires get their liquid capital without selling stocks or assets. They take a loan on the assets.

[@litmusaero9660]

That’s not actually how you pay the loan back though. Even if your only drawing $1,000 from your business your taxed in it. Maybe not at the full 34%, but still a decent %.

[@themachine8142]

3:00 Jesus the Mr Beast glow up is INSANE

[@sneko2860]

its 90% dropping that haircut omg its so bad lol

[@beast-kw5zf]

Most people transition like that from 17-25

[@bobbybobberson-nw1gz]

I’m pretty sure he hired a personal trainer and started working out too

[@Metamine0]

Hey Charles, just wanted to provide feedback. The content of this episode is excellent. I actually prefer simplistic editing like you did, and I like that you immediately went into the topic after explaining your own situation with dealing with your own taxes as a KZbinr. I will say though, I feel like I enjoyed this video because I know you as "the guy that does polls". To me, you're already somebody whose posts and opinions I tend to read and be interested in. I feel like the editing style isn't "crazy/tiktoky" enough to hit a wider audience. There could be more graphics to explain the different deductions you and other KZbinrs qualify for because a lot of people are visual learners and it grabs their attention better. It also felt like the conclusion of the video was lacking. All this to say, I still enjoyed the video. I just thought to give some feedback cuz I wanna see you be encouraged to make more long form videos. 🙏

[@turtlesrprettycool3379]

alt 😵

[@lordblanck7923]

😂​@@turtlesrprettycool3379

[@anthonylogan8587]

I hope you don't get discouraged about certain people calling you something

[@Sebastian62608]

They call him poll boy you can say it

[@everythingisawesome2903]

I mean he makes polls, so it obvious people will call him poll boy.

[@Dhavroch]

Acting like “poll boy” is the n word 😂

[@Rocko1990]

Huh?

[@Somedude72]

Judging that he spreads misinformation and said he likes barely legal girls and sleeping with peoples wives he deserves no support

[@ilikepiedontu]

There was no poll on this video, you’re slacking poll boy.

[@ChillMinx]

Came from your polls, stayed for the content. Don't be discouraged from the comments, this was a really good video, you could definitely make longer videos if you wanted!

[@emilcioran7444]

Comment section is brutal, just keep focusing on making rhe transition. You'll make it.

[@laundrygoddess4]

I always find your longer format so interesting. For some reason I don't get notified of them though even though I have notifications on

[@cplhotpockets]

Very good and informative video Charlie, want to see more of your personal views and background since you seem to have been around the block and know a thing or two. Much luck and keep cooking

[@mickj9203]

I really enjoyed this. I also enjoy your shorts and your polls. It sounds like im just a fan then. Sheesh

[@Chino-Kafu]

Dude Mr beast has so many tax write offs, he probably barley has any taxes.

[@sjfk1306]

Do they tax barley? Or only if it’s prepared?

[@Chino-Kafu]

@@sjfk1306 you know what I meant

[@sjfk1306]

@@Chino-Kafu yea, but you don’t have the slightest clue how taxes work.

[@Chino-Kafu]

@@sjfk1306 ahahahahahaha. Actually I DO!

[@richardjamesrochardt7573]

I love your short vids and it great to see you making longer content.

[@VirusZero0140]

Poll boy bragging about his income in the beginning. Very humble of you, poll boy

[@builderdog3875]

Why be humble when you're talented enough to simply ask questions to strangers and make 300k??? Someone's jealous

[@user-of4sy8pp8r]

@@builderdog3875or someone’s lying

[@builderdog3875]

@@user-of4sy8pp8r Well if he is, he is, but he does have a million followers

[@VirusZero0140]

@@builderdog3875 Why not be humble when it costs absolutely nothing to be like that? Someone's an idiot.

[@VirusZero0140]

@@builderdog3875 millions of followers doesn't mean anything if you aren't posting videos which contains ads with consistent views. Someone's an ìdíot

[@Aethen-Official]

Charles please stop being the poll boy and unoriginal shorts/tiktok content guy. Your long form content isn't bad and you can improve your short form content easily with the experience you have. Your way of making short form content is extremely dangerous as one day someone that you cover in them will hate you and with your long history of doing it like that, things might get as bad as Roblox drama KZbinr "Parlo" which was doxxed, false Copyright claimed twice and people are trying to silence him. Please, I'd like to know you as CHARLES PERALO, and not "poll boy" nor "copy and paste tiktoks".

[@El-Djazir-Blobfish]

But be honest i dont like parlo but DOXXING IS REALLY BAD AND NOT DESERVED even if he falsely exposed TBD and sebmotions and doing illegal things.

[@arfriedman4577]

That was a nice video. Glad you explained this so people understand.

[@nearlyideal]

Finally watched a poll boy video… very impressed, time to see the rest of the discography

[@andrewryanwasright]

I’m shocked you covered this topic and not ThePlainBagle

[@SuperFilmregisseur]

This video was like a virtual reality experience of the Charles Peralo Club

[@MovieTalkNow]

Great video Charles!

[@shadowdemon2272]

From an audio perspective, much improved over the last couple of videos 👍 it's clear you've worked on your diction and pacing, and it sounds like you've up'd the equipment too, nice. You still slipped back to "shorts voice" a couple of times, but much, much better. I'm glad this is the topic you chose to do, I think it was the best fit for your channel specifically. Also, I like the new set, very pleasing to look at and very professional but not too stiff, fits much better and the slouching doesn't stand out as much. From an Accountant, while I don't personally agree with your personal views of government spending, the current tax system, etc, I still felt you covered the last section in a fairly nuanced and balanced way. And, very, VERY good job on describing the basics of tax deductions, expenses, brackets, etc, very good job. Tiny nitpick, having the video title "How much Mr. Beast pays in taxes" and the chapter title "The rise of Mr. Beast" be right after each other and have the same font, background, music, etc, is a bit clunky. Split them up with a small talking segment between them, or use different font, music, background, etc, or put "chapter one: the rise...". But seriously, this is just a nitpick. Keep going 💖 it looks and feels like you're really starting to find your flow, I look forward to watching what comes next 👀 Edit: also, saw a clip of you doing an interview with Butch Hartman in a Saberspark video the other day, I literally did the "Leo pointing at the TV" meme because I actually knew someone for once 😂 so that was awesome, congrats man!

[@Neptune_171]

How many shorts do you make a day on average?

[@bszgusta]

Oil up

[@DS-jl1mf]

I wanna see more KZbin videos with you giving tips. Much appreciated 😊

[@ajpratt6997]

Just to put this in perspective and im absolutely not saying this as an insult to you. This video dropped 4 hours ago and you have 1.7k views. Mr Beast just dropped a video 2 hours ago and it’s almost at 19 million. Not using that as a diss to you just to show how friggin popular Mr beast is.

[@Charlesperalo]

Not taking that as an offense, but shows how he’s a power. One thing I’ll mention though is I started as a shorts creator and got big on the community page. So I do reach millions daily in those, I’ve just not really done many videos yet.

[@tcwofficalchannel]

@@Charlesperalohey, some advice, stick to shorts and polls, here how about a nickname, “Sholl Boy” mix of shorts and poll.

[@kuda9464]

Interesting video, you should definitely do more.

[@kimicope_]

This is so interesting because I thought all sole proprietors were around the 15% take bracket and now I'm thinking I need to save even more although I typically only pay 10% tax on profit because of all the write-offs I get as a lifestyle creator

[@joeykusters501]

If companies couldn’t do this no small company would survive with bad years

[@john-michaelmcdermott5050]

Really interesting video hope you make more long form content

[@mikemvp1991]

I just think you have to keep grinding and not give up brother. I didn't even no you did videos. Maybe thats the case with alot of other subscribers. I think you should be more consistent with videos like you do shorts. God bless you and you got this

[@zaiz6018]

Wait So in the US you get tax reduction for living a luxurious life? Huh…

[@MJRWrestling]

bro has damn near 1 mil subs off of doing polls

[@Charlesperalo]

So that’s actually not correct. I have over 900 million views off shorts and gained more off that over polls/quizzes. I just haven’t done many longer videos like this, but that’ll change.

[@John7gg]

You dont know ​@@MajimaBestYakuzaaa

[@John7gg]

​@@Charlesperalodon't let them convince u otherwise

[@annabel2135]

@@MajimaBestYakuzaaano he actually had loads of subs before polls

[@coolfan156]

​​@John7gg stick to polls, this video sucks

[@UncleRuckus7600]

Nice video bro. The pole boy jokes a good gag lol Gen Z humor

[@nycthebest]

Proud of you. You've come along way. Hard work pays off.

[@jsega]

I was wondering why you keep asking questions and polls and I find you very interesting young man you will do well but you can do better. Keep up the good fight😎👍🏼👍🏼

[@Colecooper0705]

You're getting audited Charles!!!

[@battlefield4iguess54]

Keep doing what you're doing. You're going places 👍 Love the polls, and I'm here for the long videos.

[@Ivan-0000]

Very good information, didn't know this, thanks Charles for this

[@kingkellybo]

$10m owed in taxes

[@mrgameshow9688]

Why do I keep seeing you in my feed, poll boy?

[@Mzi_Ntlex]

Great video 👏

[@Pakotugudugudugudugudugudugu]

Poll boy teaching us how to fool the sistem?!?! Thank you poll boy

[@luizmugg6271]

Nice video Charles A real eye opener and simple to understand

[@schulze25]

I like the documentary content! Keep it up.

[@guardianwaldo]

Hey mr this was pretty good i dont usually watch longer form content that isnt podcasts in the backround

[@alquackone2166]

Pretty good video, your voice it good, but won't comment on the editing as I prefer to just listen to videos, I'm not really a watcher, but overall, pretty good to listen too

[@Vincentgonzalez1993]

Taxes are a subscription fee that you can't cancel to live in your country.

[@josephmoore8245]

When you reinvest, you provide something either a good or a service at your own risk. That’s also not taking into account the jobs he is creating or companies he is helping when he makes purchases. Also on a side note he is a philanthropist and has done more than most governments have.

[@MoviesEater]

Hope you grow here too. Big hugs.

[@ProfessorX117]

Keep at it bud!

[@elevatexd]

Bro actually made a career out of yt polls 😂

[@chiefs914]

Charles- The video was very informatice and I appreciate how you made a video on what pollers wanted. However, things you said in the video made you seem like an unlikable, arrogant person. The random part about you flexing that you jumped into a pool with a girl you didn't know, or talking about some of your write-offs that it sounds like even YOU think you didn't deserve hurt my view of you. Anyways, I can't judge you as a person off one video, but if many of your videos have this kind of attitude, you could see some of your poll #'s slumping in the future. I hope you read this because I would watch more informative videos like this.

[@chiefs914]

BTW I am not a chronically online individual and this is my first "essay" comment, I dont have time to be yapping like that.

[@michaeldjosh6721]

Your best charles peralo pls keep up

[@Blorbenheimer]

Stay in Your Lane poll boy this is my turf buddy old pall

[@mycelius7312]

Decided to watch poll boys video. Not bad🗿

[@SinfulUnicorn]

15 minute is sweet spot trust me

[@SuperAwesomeChris]

What county do you live in that makes your property tax bill so high.

[@larryabcde]

I dont understand the poll boy hate its just stupid

[@Thedrunkape96]

I agree.

[@------.-.]

I meant it as a joke, because people have been doing it before me, but people are actually hating

[@shayalynn]

People just jump on the bandwagon but it’s easy to pick fun at people you don’t know and can hide behind a screen.

[@user-of4sy8pp8r]

Do you not read his community posts?

[@Somedude72]

@@shayalynnno it’s because he himself a creep he spreads misinformation, admitted in polls he likes to sleep with peoples wives and barely legal girls, and lies about donating to charity and gets upset when asked to prove his donations and still doesn’t

[@erivanel]

Technically i started watching your videos because of your polls, today i was just "who the f is this guy anyways and clicked on the most recent video"

[@jbirddg]

Good work poll boy, good work indeed

[@sporkcunt8100]

I think the issue is honestly the shorts being too good if you just be one of those people that put the link to the full video and not spoil it all in the short it’ll help out also makes shorts about the video topics if you don’t

[@boostergold20]

Charles, I remember when you used to do tiktoks. (I don’t know if you still do, I haven’t seen them in forever.) Regardless, ignore all the rude comments and keep grinding.

[@sxteya]

What is pollboy yapping about 💀💀💀

[@adidaman1234]

Stick with making polls, it's the only thing you're good at (and you aren't even very good about it)

[@rashadrizzo]

The only lier is the algorithm if it thought I wanted to see this

[@jonathanoscar3244]

I enjoyed the video, don't worry about the negative comments. Keeping doing you❤

[@Dr.Junk.]

No views on anything except polls

[@SuperFilmregisseur]

Poor boy

[@ethankillion786]

I disagree with the other two. Prize winnings from a business are taxable income. Mr. Beast can't just give away money, as a gift, since it's the course of a trade or business. The recipients of at least some of his winnings do get 1099 forms for what they win. He's talked about awarding cash along with the house or car, to cover the taxes. In the video where someone has to send a million dollars, the first thing they addressed was setting aside some for taxes.

[@willschmidt8284]

Splendid video!

[@marlenepearson3936]

Thanks for explaining this so people could understand. I didn't absorb it, so I hope there's not a quiz 😬 later 😅 And thanks for talking slower. Your short videos give me a headache 😫

[@mickdonald7885]

Poll boy

[@kimicope_]

Definitely should be legal and more people should post content so they can right off things like groceries. Or start a small business. I wouldn't mind a flat tax if it was a solid 10%

[@------.-.]

In the realm of human interaction, words hold immense power, capable of building bridges or burning them down. Unfortunately, in a moment of thoughtlessness, I failed to recognize the weight of my words and inadvertently caused harm to another individual. Therefore, with humility and sincerity, I extend this apology to Poll Boy. First and foremost, I acknowledge the impact of my actions and words. By referring to you in a derogatory manner, I displayed a lack of respect and consideration for your feelings. Such behavior is inexcusable and does not align with the values of empathy and kindness that I strive to uphold. I understand that my words may have caused hurt and offense, and for that, I am truly sorry. It was never my intention to belittle or demean you in any way. Rather, my actions were a reflection of my own shortcomings and thoughtlessness. In offering this apology, I seek not only to acknowledge the harm I have caused but also to express my genuine remorse. I recognize that words alone cannot undo the damage inflicted, but they can serve as a starting point for healing and reconciliation. Moving forward, I am committed to being more mindful of the impact of my words and actions on others. I understand the importance of treating every individual with dignity and respect, regardless of differences or disagreements. Poll Boy, I hope you can find it in your heart to forgive me for my lapse in judgment. I value our relationship and deeply regret any harm I have caused. Please know that I am committed to learning from this experience and striving to be a better person in the future. In conclusion, I offer this apology as a sincere gesture of remorse and a commitment to do better. I am truly sorry for any pain or discomfort my words may have caused, and I humbly ask for your forgiveness. Sincerely, Poll Commenter

[@MrGriff305]

That's a ton of income you have.. Congrats!

[@thepeacefulend7716]

I don't want to discourage you, but I think the thumbnail could be more attention-grabbing. The background is too much of a mess -using a plane or light background or something similar could be more engaging. A picture with his face, like in his other thumbnails, might be more impactful. Instead of the jar, perhaps including something that creates a sense of shock, such as a large sum of money, would be more effective. I hope you've studied color theory, as many successful KZbinrs do. I'm not trying to criticize, just offering some constructive feedback. I hope you reply.

[@Charlesperalo]

I feel you’re right. My thumbnails haven’t been that great.

[@brianaschmidt910]

​​@@Charlesperaloit's too busy. The stars and stripes pinwheel background with a crying Mr. Beast in a loud Uncle Sam Suit and a hand holding a jar of coins is too much to look at. Keep a prominent subject (in this case, Mr. Beast), over a plain background or soft scene (think light watercolor paintings) but also hint at a story. (Either the jar of coins is "hidden" at the bottom of the screen, or an IRS agent holding a form with "OWE $___" with your choice of a huge or small amount in large red ink stamped "Hiding" in the top corner)

[@noobified3283]

Poll man, what is all about the critism.

[@genepatterson4375]

Should this be legal? Yes. The rules apply equally to the small business as to the big business. The effect is more pronounced in the big business but as long as the expenses are legitimate and appropriate they’re good.

[@thegobber8603]

MR. BEAAAST!!! BEGI-

[@GurenKitsune]

Its just like demanding trumps taxes, ppl found loop holes and most are mind blown how taxes work

[@ryanhernandez3946]

this very much puts me in the supporter of %15 no matter wat i think the crux of the problem started in reganomics trickle down policy, when u would have a CEO making roughly 3x their highest paid employee which is more than enough for a life of luxury and adequate compensation for the financial risk, it’s ballooned up to CEOs making on average 300x which leads them to live lives of utter excess it puts ancient kings to shame w a few exceptions. thats my layman’s opinion but the current tax code way too much incentivizes scummy practices such as layoffs and shorting hours and staff shortages, to claim a loss and avoid all taxes all together all whilst the ceos and upper management get absurd bonuses and just accrue more money than they could ever consider spending, not to build a modern carnegie hall or rockefeller institute…but to own a private island or have nigh priceless collectibles for no other reason than to have them

[@MrCaretucker]

Go back to making polls poll boy

[@dolphin082]

So now i block you ?

[@GeckyWecky]

Dw, poll boy. I’ll watch your vid.

[@ramdomcomentxqa7346]

good asmr

[@Imomrannn17]

Keep it up

[@BubblegumStudiosOfficial]

I feel like taxes are important in a society but people should have more control over what it goes to. For instance, here in the uk some of the tax money goes to the royal family. For what? Lining their pockets even more? And some of the other money goes to funding a genocide. I dont want to feel like im contributing to that. People of a country should have more power in deciding where the tax money is going, but a society without taxes i feel wouldn't work as while funding for fixing things in a town is slow, with out the taxes it wouldn't happen at all.

[@CarolCityCane305]

All I want is someone to help me with my medical expenses debt it’s at $9,842

[@Mister_RandomGuychannel]

In all serious this is a well made entertaining video, keep it up

[@imnot4chriss]

why are these dudes polls everywhere, WHO ARE YOU? i dont want to block you but i swear to god if i get another poll from you im gonna go nuts

[@darren6831]

What does poll boy mean ?

[@DarkfilledMARK2-dz7wj]

I believe everyone should just an equal amount in taxes. Anything else is simply unfair. Everyone wants big businesses to be gutted, but for what exactly? There'd be no point in trying to sore to the top. There'd be no big business left to employ people. If the government can't make money without using legal EXTORTION then it really means stop spending money on other countries that have zero to do with us, or anything not to do with us. Defense is fine though. I don't argue with spending on weapons, and well built walls for example. (Works for China.) That makes sense. If anything up that. As well as figuring out our own backyard problems. I don't disagree with anything you said here.

[@SupraBagels]

No one watches you’re long videos poll boy

[@Cheeseballer66]

Why is everyone hating😂

[@sunkings5972]

Not a bad video but I can't support flat tax, it is regressive any way you look at it as lower income people have to spend a larger percentage of theor income to live. I do support a minimum tax on upper income earners and I'm kinda split on using taxes to incentivize certain behavior. Also I hate when people say govt can't spend taxes when the reality is Americans can't vote. It's popular these days and will get a ton of clicks but the fact is Americans don't take responsibility for their govt and since we live in echo chambers most Americans don't know anything about who is wasting taxpayers money and who is trying to push more taxpayer money to their rich buddies. I mean the GOP has been trying to take Medicare and SS away or privatize it for years and folks that rely on those programs or will one day regularly vote for them. All this anti govt beliefs mean we vote for anti govt politicians who have incentive to prove themselves right so they sabotage the function of govt for political gain, and it works. So as a citizen it's a self fullfilling prophecy when we say govt can't do anything as the citizens vote for the govt.

[@Charlesperalo]

So I’ll make a quick case on why the flat tax isn’t anti poor. In the plan I mentioned by Rand, it was 15% on all income after $50,000, so the first $50,000 is TAX FREE. Also, we get rid of payroll taxes, so it balances out heavily. That seems pretty fair.

[@sunkings5972]

@Charlesperalo most people making under 50k don't pay much in taxes already and probably get more taxes back with kids. Also I doubt with this tax plan anything changes with business taxes. My ex and I had an affective tax rate of about 10% with 2 kids and combined income around 90k. So if the first 50k is free and we paid 15% on the remaining 40k it would save us maybe 3% or so. 2 kids in daycare was more than 3% of our income so expanding child tax write offs would have saved us more money. Which brings up child tax credits which if I remember would be eliminated in Rand's tax plan along with food stamps and other support. Taxing the wealthiest at 15% will basically create families that have enough money to buy govts for generations. Im all for working hard for kids but I xespise the idea of a permamnent aristocratic class based solely on wealth gained at birth. So imo it's the typical example of sounds good on paper but I do not trust Rand or any libertarian to not botch the details as the ideology makes sense only under specific parameters that rarely track with reality. Imo if we want to do a flat tax it needs to start much closer to 250k annual income and dor businesses based on profit or revenue. Last point, companies don't invest or expand based on taxes nor will less taxes equate to less replacement of jobs by technology.

[@sunkings5972]

@Charlesperalo Someone making 10 million a year paying a smaller tax rate than a family making 120k a year seems far from fair to me but again, just my opinion. Excellent editing BTW keep up the hustle!

[@user-pc3io5ji1o]

Everything about this guys channel screams “paid for fake subscribers”

[@Charlesperalo]

Going to respond to this, because that’s an absolute lie. I built my subscriber base by being one of the biggest KZbin shorts creators, having now well over 900 million views, as well as the most active community page in 2023. I just am new to long form content, so it’s a different algorithm and I’m not getting seen.

[@Psysso]

Ill subscribe just because some ppl are dicks, keep grinding i feel you got a good narrator type of voice

[@Rockyroad321]

It’s just jokes for poll boy, it ain’t serious hate

[@unrealam3thy5t]

​​@@Rockyroad321OK but how does he know that? He can easily take it like it is hate and no one's reassuring him.

[@user-of4sy8pp8r]

He’s made thousands of subs playing the victim in the community page too, and he caught another one🎣