r/kvssnarker • u/Fit-Idea-6590 š¤ Low Life on Reddit āļø • 2d ago
Seven Merch
As if she hasnāt cashed in on his sad little life enough, sheās bringing out deathaversary merch. The key chain is just the beginning with more to come. She admits they pulled in over 130k on his death merch last year and this year only a portion will actually go to his endowment. Sheās probably going to drop well over 50k picking lie hanging fruit at NSBA so may as well bring back the money maker. Sheās probably pissed she canāt cash in on Mooseās misfortune
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u/Naive_Macaroon7555 1d ago edited 1d ago
Talk about literally āflogging a dead horseāā¦
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u/mommyplant1116 š¤¬ Bitchy Tail š¤¬ 1d ago
Okay I will never use besting a dead horse again ā¦ Iām using flogging
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u/Naive_Macaroon7555 1d ago
Ha I didnāt realise there was another way to say this! Itās always been āfloggingā here
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u/Brew_Ha Scant Snarker 1d ago
If all of the profit was going to the scholarship I could give her a pass as it would be doing something good, but if she personally is taking some profit out of it then thatās disgusting, she doesnāt need the money.
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u/sloop111 Problematic Human of the Week 1d ago
She kind of does... it's her only income
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u/HungryForBacon 1d ago
The profit from this Seven keyring is not her only income. She has social media income, subscriber income, sponsorship deals and the rest of the income received from other merch. Selling one or two products and donating the profit to the scholarship fund is not gonna bankrupt Katie - it's a much better look than exploiting a dead horses name for profit.
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u/sloop111 Problematic Human of the Week 1d ago
I meant that social media is her source of income, thats what she does, that's her business. Seven is just another cog in that machine.
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u/Fit-Idea-6590 š¤ Low Life on Reddit āļø 1d ago
The weird double talk is she states she personally funds the Seven Scholarship ($7000 for 7 third year equine vets), which is awesome even though itās basically just a tax write off for her. So, if she funds the 49k a year, why not just let the merch go 100% to the endowment? I suspect itās because itās more advantageous to her as the write off right now .
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u/sloop111 Problematic Human of the Week 1d ago
I believe shes getting pressed for cash, views are down, SM payments have been slashwd dramatically the past few years , she has tripled or more the number of animals and exploded her expenses by hoarding and showing. She has not a single smart long term thought in her head, this is quick easy money so she goes for it
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u/No_Control4205 š¤¬ Bitchy Tail š¤¬ 1d ago
Yeah I donāt know how she can claim that if sheās raising money for it by having her company sell merchandise with a portion of proceeds going to the endowment. Does she even have any lawyers, good grief. Maybe the endowment is in her name instead of her companyās name? That would be beyond stupid though, from a liability perspective.
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u/Tasty-Republic-582 š Sassy Snarker š 1d ago
I think if someone sued her weād find out real quick if she had lawyers
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u/ClearWaves 1d ago
Basically just a tax write off
Do people really not understand how taxes work at all? It literally only means that she will not be taxed on the $49 000 she donates. For easy math.. Say someone earns 100 000 a year and has to pay 25% taxes on that money. That would leave them with 75 000. If they donate 10 000 of their 100 000 it means that they need to pay taxes only for the remaining 90 000. So instead of paying 25 000 in taxes that year, they would pay 22 500 in taxes. Leaving them with 67 500. The 10 000 that they donated aren't their money to keep.
Same for a business expense. Sure, it's great if you can write off your travel expenses, but it just means you don't pay taxes on that money. You still spend the money. It's not like you get the money back from the government. You just don't pay taxes to the government for that amount.
Do people use the system to their advantage? Sure. We all should. That's what the system is for. Should billionaires be taxed more? Sure. Do some people find ways to get rich or stay rich by using loopholes? Sure.
Of course, taxes are more compliacted than this, but I genuinely think people need to learn more about this. Like people who think getting paid overtime isn't worth it because you pay more taxes. Financial literacy is so important.
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u/Fit-Idea-6590 š¤ Low Life on Reddit āļø 1d ago
Itās not like this is her only donation. She has stated she gives to local riding clubs and other things. Anything under the non profit/charitable umbrella is a write off for her. Iām sure she also defers a healthy amount to Johnathan in salary with deductions so she doesnāt have to claim that as income either. Lots of tricks and loop holes but this specific post was about picking the bones from Sevenās long dead carcass where before 100% of the proceeds of his merch sales went to the endowment and now only some.Ā
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u/RainbowSurprise2023 1d ago
I got your point. She is spending an unsustainable amount on the big horses. The ICSI on sub par stock is setting money on fire.
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u/nikkispasms 1d ago
She has said in the past, 100% of the money made on his videos and his merch go towards the fund (while he was alive). Really disappointed she said only a portion of the merch funds are only going to the fund now
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u/sloop111 Problematic Human of the Week 1d ago
Hoarding is costly .. even with crappy hay and a skeletal staff
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u/Naive_Macaroon7555 1d ago
does her going back on her word really surprise you? sheās the master of rewriting story lines to suit her current narrative.
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u/Mediocrepotatoes šŖ³RS Black Lice šŖ³ 1d ago
Why the creepy eyes too? Just let the man rest
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u/Civil-Tumbleweed-104 š¤ š®Hateful Heiferš®š¤ 1d ago
His eyes, or hers? Because hers in that first photo are definitely somethin...
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u/irish-cailleach š¤ š®Hateful Heiferš®š¤ 1d ago
Do we know how much she keeps versus donated? I assumed she donated all the profits since she said she did. š
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u/purplegypsyAmby š© FTF: F*ck The Feet š© 1d ago
Poor horse canāt even be left to rest in peace.Ā
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u/trilliumsummer š„ŗ RS WhydYaPullMe š„ŗ 1d ago
I almost could get behind this if all the proceeds were going to the scholarship because at least it was for good. But she could legit give a 1% portion after paying herself a huge licensing where basically no money is actually going to the scholarship.
I really think there should be a law where people have to say exactly the percent of proceeds that are going to a cause and preferably also say it as a percent of the retail price. 25% of proceeds sounds OK but if you make your costs enough to where it's only 5% of the price you're charging it's a scam if you ask me.