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<p>[QUOTE=&quot;Hobo, post: 334219, member: 11521&quot;]. . . and going to 42 cents (or so it was announced yesterday).</p><p>&nbsp;</p><p>What will a stamp cost you if the cent is eliminated? 42 cents? Nope. 45 cents. (Everyone will round up, especially the Post Office.) That is an increase of 7.1% thanks to rounding up (9.8% if the stamp price is 41 cents).</p><p>&nbsp;</p><p>And if the nickel is also eliminated it will cost you 50 cents. That is an increase of 19% (22% if the stamp price is 41 cents).</p><p>&nbsp;</p><p>Sales tax will be similarly increased. Let&#039;s say you buy a candy bar for $0.75 and sales tax is 8%. Sales tax on the candy bar is 6 cents but it will be rounded up to 10 cents for a total of $0.85. That makes the effective sales tax on that item 13.33% - an increase in sales tax of 66.7%. </p><p>&nbsp;</p><p>Who can least afford to pay 10%, 20% or 22% more than the actual price of a product? The poor. They are the ones that will suffer the most if cents and nickels are eliminated.[/QUOTE]</p><p><br /></p>

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