EVGA Announces Cancelation of NVIDIA Next-gen Graphics Cards Plans, Officially Terminates NVIDIA Partnership

[DeathtoGnomes]

Using a US example, California has a statewide sales tax rate of 7.25% but individual counties (sometimes cities) often have their own sales tax so the rate in San Francisco (City and County), South San Francisco (San Mateo County), and Cupertino (Santa Clara County) might all be different (in fact, they are).

15 feet seprate me and a 6% city tax in addition to State and/or Federal. People lie about their addresses just to avoid those taxes.

But how did this thread become about taxes? Not everyone is grown up (read: OLD FART) enough to know how taxes work, I still get confused...

 

[Valantar]

Because sales taxes in the US are handled on a region by region basis. Some places in the US don't have sales tax at all. It would be INSANELY difficult to try posting prices including sales tax here. Does that make sense?

It's not illusion, it's practicality. Everyone who lives in a region were sales taxes are collected, knows or has easy access to what those tax rates are and can easily calculate or estimate. For example if the price before taxes is $499 and there is a 6% tax the calculation would go something like 499 X 1.06 = 528.94. It's not magic or a conspiracy and it's not difficult for a person to do.

There is still something to be said about this being a rather harebrained system though - especially as sales taxes are just about as fair and evenly distributed a tax as you get, matching taxation to consumption. But with the US both historically and currently being the nexus of all kinds of strange libertarian experiments I guess a federal sales tax would probably be seen as overreach by a lot of people.

15 feet seprate me and a 6% city tax in addition to State and/or Federal. People lie about their addresses just to avoid those taxes.

But how did this thread become about taxes? Not everyone is grown up (read: OLD FART) enough to know how taxes work, I still get confused...

Not knowing exactly how they work is one thing, another is being told "US MSRPs don't have taxes included, so they're lower than EU prices which include VAT" and then refusing to even engage with that idea when trying to figure out why prices are higher elsewhere.

 

[lexluthermiester]

There is still something to be said about this being a rather harebrained system though

Not at all. In the US, there is no taxation without representation. It comes down to communities determining their own taxation rates. Taxes are adjusted up and down from time to time as is needed for civic resource necessities.

VAT taxes are more simple but end up being very high for people in areas that have less economic advantage.

 

[Valantar]

Not at all. In the US, there is no taxation without representation. It comes down to communities determining their own taxation rates. Taxes are adjusted up and down from time to time as is needed for civic resource necessities.

... every US citizen is represented by the federal government (unless they refuse to acknowledge it, in which case they should really give up their citizenship and emigrate if they are that principled), so that doesn't even add up as an argument.

VAT taxes are more simple but end up being very high for people in areas that have less economic advantage.

This is also vastly simplistic, as a flat, large-scale (e.g. federal or state-wide) VAT allows for redistribution of wealth from wealthier, higher consumption areas to poorer, lower consumption ones. After all, consumer spending on VAT-applicable goods and services (not rent or mortgages, in other words) is vastly higher in higher income areas than in poor areas, which means the tax burden of VAT is quite evenly distributed as taxes go.

Your argument also has a crucial blind spot: that it inherently carries with it the idea that wealth belongs within strict geographical borders, an idea that inherently favors the wealthy in their ever-more-restrictive enclaves. Of course, the US has been the poster child for this for decades already, with vast differences in basic services like schools, libraries, roads, utilities, parks, and a whole lot more. This is a fundamentally antidemocratic structure, as it allows the wealthy minority, who have the means to more easily relocate, gather in places where they can then enact local laws to protect their wealth from the "threat" of a small portion of it being fairly redistributed to those less fortunate.

 

[lexluthermiester]

... every US citizen is represented by the federal government (unless they refuse to acknowledge it, in which case they should really give up their citizenship and emigrate if they are that principled), so that doesn't even add up as an argument.

This is also vastly simplistic, as a flat, large-scale (e.g. federal or state-wide) VAT allows for redistribution of wealth from wealthier, higher consumption areas to poorer, lower consumption ones. After all, consumer spending on VAT-applicable goods and services (not rent or mortgages, in other words) is vastly higher in higher income areas than in poor areas, which means the tax burden of VAT is quite evenly distributed as taxes go.

Your argument also has a crucial blind spot: that it inherently carries with it the idea that wealth belongs within strict geographical borders, an idea that inherently favors the wealthy in their ever-more-restrictive enclaves. Of course, the US has been the poster child for this for decades already, with vast differences in basic services like schools, libraries, roads, utilities, parks, and a whole lot more. This is a fundamentally antidemocratic structure, as it allows the wealthy minority, who have the means to more easily relocate, gather in places where they can then enact local laws to protect their wealth from the "threat" of a small portion of it being fairly redistributed to those less fortunate.

I'm SOOO not getting into this debate, it's off topic anyway. Let it go.

 

[Dr. Dro]

The key omission is the distributor's cut. AMD and NVIDIA generally only operate directly in the NA (US/Canada) and Western Europe (UK, Germany and France), other countries have importers/middlemen that take a cut of their own.

 

[DeathtoGnomes]

Not knowing exactly how they work is one thing, another is being told "US MSRPs don't have taxes included, so they're lower than EU prices which include VAT" and then refusing to even engage with that idea when trying to figure out why prices are higher elsewhere.

When people realize prices vary all over the world will self-destruct trying to figure the why.

 

[simlife]

"Graphics cards made up over three-quarters of EVGA's revenue"

they like any med to large company was overcharging over msrp by a lot evga is a bad company overall dont let anyone say otherwise... and this would not exist if the crypto market wast still high

 

[Forza.Milan]

really love reading all these comments, backwards

 

[Valantar]

"Graphics cards made up over three-quarters of EVGA's revenue"

... yes, GPUs are a large market and generally cost quite a lot - much more than PSUs (EVGA's other core market) - and sell in quite high quantities. Three quarters of revenue, yet PSUs represent nearly as much total profit? That says something about profit marigns here.

they like any med to large company was overcharging over msrp by a lot evga is a bad company overall dont let anyone say otherwise... and this would not exist if the crypto market wast still high

According to data provided to and checked by about as trustworthy journalists as this industry has covering it, their profit marigns for GPUs for AIB partners have been minimal at best, especially at the high end. Most GPU profits during the mining boom went to chipmakers, distributors and retailers. If EVGA had been raking in money and having an easy time through the shortage, it's rather unlikely that this would have happened.

 

[Chomiq]

The key omission is the distributor's cut. AMD and NVIDIA generally only operate directly in the NA (US/Canada) and Western Europe (UK, Germany and France), other countries have importers/middlemen that take a cut of their own.

Their presence in EU was almost non-existent for the past 2 years, seeing how majority of GPUs went to the US. You were better off ordering something from 3rd party sellers than EU EVGA store.

 

[Ruru]

Their presence in EU was almost non-existent for the past 2 years, seeing how majority of GPUs went to the US. You were better off ordering something from 3rd party sellers than EU EVGA store.

Hm, feels like that their cards were just as common as any other manufacturers' cards here in Finland.