Message:

<p>[QUOTE=&quot;justafarmer, post: 554935, member: 3926&quot;]What is breakage? – Here is an example. You purchase an item that cost $1.00 plus 6% sales tax for a total of $1.06; but there is a problem – cents do not exist anymore. So now the transaction has to be rounded up to $1.10 which produces 4 cents breakage. Breakage wouldn’t be limited to only sales transactions – it would affect 80% of all transactions (mortgage payments, credit card payments, payroll checks, etc.).&nbsp; Do you really believe government is going to pass on the opportunity of collecting 40 million dollars a day in breakage?&nbsp; As for the ½ cent argument – well there weren’t as many cash registers, payroll systems, loan amortization systems and the like based on computer technology which required a software or hardware fix in those bygone days.</p><p><br /></p><p>Just my thoughts and reasoning.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in