Sajam Talks Taxes

[@Evergladez]

Tldr you can't parry taxes

[@holdenkimura5034]

But you can evade them...

[@ripwaluigi5234]

@@holdenkimura5034 I advise using Vega's v skill 2 to evade taxes, it works every time for me.

[@tristankeech4070]

Taxes are an Unblockable mix up. the only way to not lose it to cheat or not play.

[@ripwaluigi5234]

@@tristankeech4070 SF IV.mp4

[@floraphore]

Taxes have super armor

[@1stRank]

I gotta stop watching these when I'm tired. I waited 8 minutes for him to start talking about Texas

[@Notester82]

The donation during his explanation of documenting all of his earnings was priceless.

[@Xenozillex]

Priceless objects aren't tax deductible

[@rossanderson4156]

I'm in the rollback taxcode.

[@Evergladez]

That's what got wesley snipes in trouble

[@kholdkhaos64ray11]

Basically the IRS is normally unblockable and the only way to guard against it is to use the meter you saved up each year to Faultless Defend against it before the timer goes out

[@Sakaki98]

Unless you’re super rich, then you can use an RC to make sure you apply all your deductibles, take the counter-hit combo and time them out till the next year.

[@kholdkhaos64ray11]

@@Sakaki98 Hell, you're rich enough, you can just use the meter to teleport to a place where the IRS can't hit you with the full thing if at all.

[@christiangamez4690]

this is the fighting game content that I subscribed for

[@SomeBlackDude26]

"I pay rent, I need to eat, and I need coffee." My guy Sajam

[@sneeze4100]

This is a correct Sajam, this Sajam speaks facts. I file all of my immediate families taxes, my brother is employed and my father is a small-business owner. I do my brothers taxes and it's like "oh the company already has all his income in the system, oh he doesn't have to pay anything, oh i guess I'm done"... Then comes the boss stage, self-employed small business tax for my father. Ever quarter I have to sift through a thick ass folder of documents, receipts and bills so that we can pay less money, filing all this shit into a giant ass spreadsheet which is organized with all the other giant ass spreadsheets, then there's the 4 different online accounts I need to access that aren't even mine just to file... Finally when it comes time to pay the full years taxes owed, since he still has personal taxes on top of business, I have to go through a bunch of the shit I already looked at over the year so that we can get a 2 dollar refund. What a time we live in. We do be saving money tho.

[@tongpoo8985]

Self employed tax is hell

[@Mlmaple45]

Famous commentator complains about his taxes for over 8 minutes

[@Alastorchaos]

From Fighting Games to Fall Guys! From Taxes to Tier Lists, Sajam's got that variety game down.

[@AsianSensationz]

Hey Sajam, I'm 30 years old who gets paid by mom in good boy points. Where can I find out my tax brackets?

[@morenorristhannorris]

When he was talking about the qualifications for a home office, It felt like making a room in Terraria.

[@SivartAuhsoj]

Just a little clarification - as an employee of a company that does withholding, you have to guess/estimate how much to have them hold for your taxes, and you have to pay the difference if you had them hold too little, or you get a tax return if you had them hold too little. If I owe 10000 in taxes but my employer only withheld 9000, then I still have to write a 1000 check after filing.

[@iflippadaswitch3930]

Didn't picture Sajam as a truck guy. Learn something new everyday

[@SupermanSajam]

I am not, it was the used car I got at 16 from my parents. I've had it for 10 years

[@iflippadaswitch3930]

@@SupermanSajam makes sense. Nothing wrong with rocking a hand-me-down till the wheels fall off.

[@anotherinternetperson8495]

Even joker isn't crazy enough to evade taxes Search it

[@desupocalypse]

Not one yeehaw, I read the title as "Texas".

[@slyrytang]

taxes are the unblockables of modern life

[@theoya]

What do I think Sajam spends all his money on? Overpriced fighting games that somehow don't have rollback netcode.

[@TheCajanator]

Tax man "if you pay quarterly, i get paid 4 times as much"

[@pseudowraith]

It's amazing that you can make so much doing this. I can only imagine how busy it is behind the scenes.

[@MichaelWasnotTaken]

Every quarter, they take every quarter.

[@AtlasNYC_]

This is the best video on this channel lmao

[@createprince2093]

hope you're maxing out your IRA every year you can Sajam!!!

[@createprince2093]

if you are truly just saving and not investing in a tax advantaged account, you are missing out on major money though. I would recommend the financialindependence subreddit or the bogleheads wiki

[@gamelord12]

I'm not sure how serious you were being about your investments or lack thereof, but you'll want to look into a Roth IRA, probably max it out (only a few thousand per year, but it grows tax free), and you'll want to look into index funds. If you want to understand index funds, I recommend a somewhat quick read called A Random Walk Down Wall Street by Burton Malkiel, or the even quicker read, The Simple Path to Wealth by J L Collins.

[@Kool212]

Hopefully the market doesn’t bottom out when you retire!

[@gamelord12]

@@Kool212 That second book I listed has that covered. 4% rule, about 1/5th of your portfolio in bond index funds as a hedge against a market downturn, and you're covered from our historic worst times to retire.

[@Kool212]

gamelord12 Good shit. I have hit a point where I’m better off private lending, but I think a smart portfolio is good for money people.

[@thedanish5523]

Commenting for later thx

[@starsheep1140]

Sajam could convince me to invest in ice in the desert

[@NurseLee]

Bro even the Joker from Batman pays his taxes. Even the most scariest Villains don't fuck with taxes LoL.

[@treebush]

Thank goodness twitch donations arent taxable where im from

[@FujiBou]

Trouble with taxes? Just use 🅱️ArDOcK 🅱️

[@ERRandDEL]

7:35 I would take a sub-prime loan if Sajam were offering it like this.

[@brningpyre]

I mean, if you aren't comfortable with a managed investment portfolio (bunch of different investments someone else handles for you), then just take out some bonds or (over here in Canada) GIC's. The important thing is that if you aren't earning money from savings/investments, you're steadily losing it to inflation.

[@TimeSpaceWormsNow]

As an accounting student, I'm very aware of how complicated your taxes are as a freelancer with multiple (multiple) income streams. I hope you have a good tax guy. (You need to pay taxes quarterly though btw, otherwise you could end up paying a fine. Your tax guy is right.) Otherwise, invest in an IRA, diversified index funds, very easy.

[@djhero0071]

That credit union thing had me dead lmao. Also the law of equivalent exchange really do come through. Freelancers are their own bosses but they gotta get fucked by taxes.

[@mdgeisto8953]

Went freelance as of June this year and am super scared of my first taxes - basically not buying anything except for food right now....

[@janematthews9087]

My advice? Do what Sajam did and find a guy to do Taxes for you. Not because you're too lazy to do it yourself,but because they know a lot of shit that can help you outsmart those scumbags in the IRS. Find a really old guy,though,not one of those slick back hotshot in their 40s. I am serious.

[@mdgeisto8953]

@@janematthews9087 Might actually do that. We'll see...^^

[@BrainGeniusAcademy]

Same bro

[@MayJeremiah]

amazing how pertinent that 1:30 segment was 2 months later

[@EastyyBlogspot]

Well the best form of defence is a tax

[@Upsetkiller456]

Yes, I misread the thumbnail, and you probably did too.

[@CaptainYesz]

California taxes are bonkers too

[@Wladislav]

The rich get richer.

[@zUweebTripleA]

Taxes are safe on block Sajam you gotta be wiff punishing

[@Zachary_Sweis]

Investment is not better than savings. The only thing that you should ever invest in is a house.

[@patrickboston5431]

You can't block Taxes but you can sidestep them with old Fakhumram.

[@PorkBelly-]

His sidestep got nerfed

[@asmartphoneinquarantine3269]

I like this fall guys youtuber

[@Balloon410]

4:15 I don't know how, but I feel like that animation should be a meme.

[@TaimMeich]

A responsible person that understands that paying taxes is important and that you should take into account taxes when considering how much money you're actually getting paid, so you can spend responsibly? I liked you before, I like you more now.

[@EastyyBlogspot]

Can imagine some streamers making a living moving to other countries ....just to earn more

[@garminbozia]

Isnt it that american citizens must pay taxes on their earnings even if they live in other countries? Then sajam would be paying taxes in two different countries

[@EastyyBlogspot]

@@garminbozia yup I know a girl working here in Ireland has to do that and it would require revoking citizenship, but I imagine streamers earning hundreds of thousands a year or month would be tempted, though tbh I think if people are getting by fine might be to much hassle

[@kwint8635]

@@EastyyBlogspot You'd still save big on living expenses in the right countries.

[@benjaminbeltran7004]

Investment is easy, just invest in many different things. The famous "diversification"

[@XxTexasTimxX]

He didnt even mention self employ tax. That is the tax that pays for medicare and social security. Its 15% on top of federal and state income taxes for people filing as self employed. If you have an employer, you are only paying 7.5% and your employer is paying the other 7.5%. Imagine on your pay checks that the medicare and social security withholdings are doubled every check, then add them all up and pay lump sum at the end of the year, and thats self employ tax. Money might as well just be dumped into a giant landfill and set on fire. Not like anyone under 45 is ever going to see those programs.

[@bii_gii]

holy shit this shit is hilarious

[@RondoDondo]

If you want to invest, Vanguard is probably the best option

[@user-tq4rp7hw9p]

Just DCA SPY shares to invest. The future is now

[@Badatname]

Everyone who has to deal with whatever government agency does taxes in their country fucking hates that agency. I work at an accountancy practice in the UK and all of us bitch about HMRC constantly.

[@richman6974]

I read Sajam talks Texas...

[@1994silent]

For 40.000. You pay only 22 procent? In germany I pay 33

[@BrainGeniusAcademy]

If we get sick they let us die hope this helps

[@1994silent]

@@BrainGeniusAcademy in those doesn't include health insurance or pension

[@tongpoo8985]

Being self employed / freelancer like he said sucks. Double payroll tax

[@wangankidz]

You should pay the quarterly so you don't get hit with the estimated tax penalty for not paying it quarterly

[@jmcrofts]

This. You actually are paying more by waiting til the end.

[@loganthompson7717]

I have the same truck

[@Kool212]

Your money losses value due to inflation if you don’t invest.

[@coker-jg6xn]

37% at 500k is excessive as fuck if you ask me. absurd.

[@capnbarky2682]

People complain about taxes despite everything being handled for them 99% of the time because people (mostly rich, powerful) tell them to. It doesn't matter that after tax returns come in most of these fools wouldn't have been able to buy Tekken 7 Ultimate edition with what uncle sam automatically took out of their paycheck, everyone thinks they're going to be millionaires one day and thus simp for the current millionaires.

[@Call555JackChop]

Streamers gonna start moving to Florida and New Hampshire for that no income tax

[@TravisScottLVD]

Texas is good for that too!

[@PunishedLoaf]

South Florida HOA's are absolute garbage so go anywhere in the state but there

[@SivartAuhsoj]

@@TravisScottLVD No STATE income tax - still have federal

[@TravisScottLVD]

@@SivartAuhsoj Yep, everyone already is aware we are talking about no state income tax. If you want to avoid federal, then you need to go to a US territory 🙂

[@Thedylannguyen]

1099 is the fucking worst.

[@JoshKablack]

You are single, no dependendants, with filing just one Schedule C as your single income, and presumably taking the standard deduction. And you are a US citizen with only US income. While you do have a lot of income and expenses receipts to track, your taxes are not complicated.

[@MrDrumStikz]

As a musician, I can just say that contractor taxes are annoying

[@Ceade_]

You guys are lucky you are not European

[@dealerofdeth]

Progressive tax is aids. The system should be regressive. Flat % on income up 100k so the middle class can grow and then regress by another % point every few 100k so business don't hide their money overseas so it doesn't get stolen but gov. Business with money to spare are more likely to create jobs and thus help the whole of the country

[@Altares_V]

They need more useless government programs to justify useless excessive spending that far exceed our revenue through our collective tax earnings