VOLCANO Get a Geforce4 Ti4600 NOW!!!

[Byte]

Volcano becuase of the price! But it's for a good cause and you can get one b4 everyone!!!
Geforce4

 

[smartt]

They're already over a $1,000??? Man, no wonder there are so many poor starving college students. They buy bologna and save up a thousand smackers for a video card.

 

[SLEEPER5555]

repost!

 

[Ziptar]

Good GAWD!! What Dufuses.... Is it REALLY Worth an extra $600.00 - $1000.00 bucks to get it a week early?? If That.. I bet with shipping they don't get then until the first week of March anyway....

 

[Conscript]

yeah, but the excess over normal msrp that you spend is tax deductable....

 

[ObsidianK]

Some people think tax deductible means free. Hehe. Think of it this way. If you're a college student like meand If you make say around $10,000 a year with a standard federal deductible of 4700 as a dependent. That means that that $5300 of your income is taxable. Given standard income and social security, you get taxed about 30% which is about $1590. Most times, you won't actually see that because it gets pulled from your paycheck. Let's say you buy the Geforce 4 at $1200. This means you can report that as lost of income as a charity donation. Thus, your taxable income becomes $4100 and your tax is around $1230. So you get a refund check for about $360(1590-1230). That's great. Now considering you spend $1200 on the card to begin with, this means that you actually pay $880 for the card. Is it worth it? Not if you're a college student in my humble opinion. Better off using that money for a new rig.

 

[Soldat]

what a waste of money

 

[huesmann]

Freakin' morons!

 

[ChurchOfSubgenius]

But if I get it before everyone else then I can prance about at LAN parties with my super dupery modded full tower Enlight case with the chrome trimmed 5 panel bay window and rainbow pulsing cold cathode arrrows pointed (you guessed it) right at my GF4! and I will BE THE KING OF THE GEEKS!!!!

Playing Tomb Raider at 350 Fps kicks ass!

 

[Vegito]

NVIDIA is happy to provide a GeForce4 fun pack for charity auction to raise funds for the Children's Health Council

If it's for charity, I do it.. but I dont need something like that so I probably wont get it..

 

[Ringer]

Come on kids......It's not about the Nvidia card....It's about the kids ...didn't momma teach you guys about being selfish? "boo" on all your insulting posts.



p.s. Crap away kidz!

 

[Mustanggt]

.

 

[Lars]

 

[oddice]

if two of the three auctions were to close right now, I doubt nvidia would get their money; two of the three auctions have the same person as high bidder with a 0 feedback rating yet that person has been a member since May 28, 1999. That's a long time to have never received any feedback - sounds like a shill bidder to me.

 

[CKDragon]

Put me down for all 3!

CK

 

[jasonja]

Tax deductible purchases only come into play when you itemize your taxes. So unless you own a home, do lots of investing (w/ losses), or give a boatload to charity... you probably take the standard deductions.

 

[neovan]

Its for charity! People spend exuberant amounts just for a good cause and it ultimately helps that charity foundation. I'm sure they know the actual retail cost of the video card.

So I praise those people for buying these!

 

[GetReal]

<< Some people think tax deductible means free. Hehe. Think of it this way. If you're a college student like meand If you make say around $10,000 a year with a standard federal deductible of 4700 as a dependent. That means that that $5300 of your income is taxable. Given standard income and social security, you get taxed about 30% which is about $1590. Most times, you won't actually see that because it gets pulled from your paycheck. Let's say you buy the Geforce 4 at $1200. This means you can report that as lost of income as a charity donation. Thus, your taxable income becomes $4100 and your tax is around $1230. So you get a refund check for about $360(1590-1230). That's great. Now considering you spend $1200 on the card to begin with, this means that you actually pay $880 for the card. Is it worth it? Not if you're a college student in my humble opinion. Better off using that money for a new rig. >>



Actually the deduction is far less than you stated. You cannot deduct 100% of the cost of the card. You can only deduct the amount that you paid over the fair market value of the card at the time you made your charity purchase. In this example, you will need to deduct $400 from the acutal price you paid to get the cost basis for your deduction. For example if you are in a 30% tax bracket and pay $1500.00 for the card your realized tax benefit will be $1500 purchase price - $400 FMV for the card = $1100 * .3 = $330 of auctual income tax recalimed by puuchasing this card at $1500.00 and claiming it as an itemized deduction

 

[Spongo]

Sweet mama!

 

[gdawson6]

<< Your payment is tax deductible with all proceeds going to the Children's Health Council. >>



I think that means that your not there Giving you the card for free and all the money goes to charity. Why wouldnt it all be tax deductible?

 

[aircasper]

hmm, what getreal is saying makes sense, but like gdawson6 points out, nvidia seems to be saying (i'm not sure on what basis) that the entire payment is tax deductible, as if the nvidia card was simply a freebie for the donation (although i'm not sure at what $ level you have to start reporting income from prizes). if it were the case that the entire payment amount is deductible, i'd actually be interested in this auction, considering i'd be donating money anyways this year.

 

[VaG]

I can see it in big bold letters now. What part of no auctions don't you understand?

 

[polotek147]

I got this link from the nvidia site: nvidia promos
It mentions the ebay auctions. I'm really considering this, since I received a sizeable bonus from work, but I don't want to get taxed on it for keeping it.

 

[jeepers94]

I purchase a couple of items from the egay 911 auctions.As was stated above,only the amount over the market value of the product was allowed! Of course,I did not bid just to get a tax deduction!

 

[GetReal]

nVidia never states or would state that your bid is 100% tax deductible. The only deuctible amount is the price that you pay over fair value. This is true for anything that you purchase from a charity benefit. The IRS's reasoning behind this is that the party donating the mechandise, in this case nVidia, is allowed a deduction equal to fair market value for the item that they donated. If the IRS allowed both the donating party and the eventual receiving party to claim the cost of the card then that would be a double deduction for the same item. The only exception to this rule is the pruchase of an item from a charity that has no cash value such as a lraffle ticket. In this case, the non-winning raffle ticket holders can deduct 100% of their raffle ticket cost. Our firm has donated tens of thousands over the years in both direct donations to charity and charity auctions and have a full time tax attorney on staff. IMO, for most here, a deduction is not a reality in the first place, because you must first earn enough to recevie a benefit from itemizing vs the standard deduction on your tax return.