00:00Dude, I was 18 years old. I was doing Vine. I got paid my first $2,000 for doing a brand deal.
00:05I was stoked. I'm an 18-year-old. I just made $2,000 for making a six-second video. This is amazing.
00:09I called my mom. I'm like, mom, I made two grand, whatever.
00:12And my friend, he goes, man, it sucks. You're going to have to give 30% to the government.
00:16And I said, what are you talking about? You have to pay taxes.
00:20I'll always remember the first time when it finally hit seven figures. I cried.
00:24You paid seven figures in taxes?
00:26That's three plus years.
00:27Good for you.
00:28That means that Mike has to be making over $3 million a year.
00:32Because I'm also assuming that Mike has some personal expenses.
00:36He's got business expenses as well.
00:38So on $3 million, assuming he writes off a mil of that, he's making two.
00:42Half of that is going to taxes.
00:43And he's probably pulling in $3 million a year. Minimum.
00:47We'll be saying...
00:47Very big.
00:59Bye.
01:0025 years.
01:01...
01:01For us...
01:02We'll see you then.
01:03Bye.
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