Twitch Streamer Amouranth Bought A Gas Station For -$110,000 Using Rich-Person Math

Yes, the headline is correct. The popular Twitch streamer Amouranth did in fact purchase a gas station. Not only did she purchase a gas station, she claims to have done so while turning a profit through tax deductions. To prove this, she tweeted out a bunch of rich-person math—which makes my brain hurt.

Amouranth is one of the biggest, and seemingly most frequently banned, streamers on Twitch, so seeing her invest in other enterprises isn’t a huge surprise. Plenty of streamers invest in businesses. Pokimane is a partial owner of the EVO fighting game tournament, tons of streamers have started their own merchandising companies, and Ninja does...whatever Ninja does (no one’s quite sure). Usually though, their secondary gig is related to their streaming or gaming habits. Amouranth, however, has taken the path less traveled—and it has made a “marginal” difference.

Now since we bought this gas station & in accordance with applicable laws (&/once structured correctly) I will take an accelerated depreciation charge of approximately $3m

$3,000,000 * .37 (my marginal tax rate) = $1,110,000

So for 2021 I will owe $1,110,000 LESS in income tax

— Kaitlyn (@wildkait) November 9, 2021

Amouranth chose to purchase a gas station for about $4,000,000 dollars, only $1,000,000 of which she had to pay upfront. In a series of tweets rife with speculative rich-person math, the streamer explains how she actually made money off of this gargantuan purchase through the wacky details of U.S. tax law. The basic version is, by taking out this massive loan and depreciating the speculative value of the property, she has received a $1,110,000 tax deduction. This extra $110,000 becomes “profit” because it’s money she doesn’t have to spend on taxes.

Read the full article on Kotaku