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Copper cents (pre-1982) worth more than Face Value?
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<p>[QUOTE="Cashmoney, post: 1053276, member: 28163"]Again, It wont disapear until sales tax does. If someone has a solution to that </p><p>besides rounding to the nearest 5 Cent piece then I'm all ears. </p><p> </p><p>Let's say you spend per year a total of $20,000. Let's assume, for example of </p><p>course, that those we all $1 purchases. Now lets apply a Sales tax rate of 6%. </p><p>That means the the goverment gets $0.06 revenue.</p><p> </p><p>So you're telling me that the geovernment is going to round down to $5 to avoid </p><p>dealing with pennies? That's aprox a 16% revenue loss.... So why not then just </p><p>round it up to a dime? YEA RIGHT!! You think any citizen would go for that? that</p><p>would be in effect a tax hike.</p><p> </p><p>Face it. The penny may cost money to make but it eliminating it would either cost</p><p>consumers, or business/governments. And I'll give you one guess who wins that one....[/QUOTE]</p><p><br /></p>
[QUOTE="Cashmoney, post: 1053276, member: 28163"]Again, It wont disapear until sales tax does. If someone has a solution to that besides rounding to the nearest 5 Cent piece then I'm all ears. Let's say you spend per year a total of $20,000. Let's assume, for example of course, that those we all $1 purchases. Now lets apply a Sales tax rate of 6%. That means the the goverment gets $0.06 revenue. So you're telling me that the geovernment is going to round down to $5 to avoid dealing with pennies? That's aprox a 16% revenue loss.... So why not then just round it up to a dime? YEA RIGHT!! You think any citizen would go for that? that would be in effect a tax hike. Face it. The penny may cost money to make but it eliminating it would either cost consumers, or business/governments. And I'll give you one guess who wins that one....[/QUOTE]
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Copper cents (pre-1982) worth more than Face Value?
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