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<p>[QUOTE=&quot;cladking, post: 1098986, member: 68&quot;]Sales tax is irrelevent to the existence of the cent or any coin.&nbsp; </p><p><br /></p><p>If you buy an item for one cent (yeah right) you don&#039;t pay a one twentieth of a cent when there&#039;s a 5% sales tax.&nbsp; The government simply eats this loss.&nbsp; A penny would kick in when an item costs 20c if the government were willing to forego the 1/2c lost on a 10c purchase but the government is funny about their willingness to lose money.&nbsp; So the penny kicks in at 10c.&nbsp; The next penny kicks in a 30c.&nbsp; It works out to exactly a 5% tax over the population and sales over the year to about 9 decimal points.&nbsp; When they do the computation at the end of the yar they might have only taxed the citizens of the state 4.9999999998% but they are willing to take that chance.&nbsp; Almost every single individual in the state will be within pennies of having paid exactly 5%.</p><p><br /></p><p>The same thing applies if the penny doesn&#039;t exist.&nbsp; Instead of a penny kicking in at 10c a nickel kicks in at 50c.&nbsp; The government still gets almost exactly 5% tax and almost everyone still comes very very close to paying 5%. </p><p><br /></p><p>There are very few sales now days under 50c.&nbsp; When was the last time you were in a grocery or anywhere at all and saw a transacion less than 50c.&nbsp; Sales tax is simply irrelevent.</p><p><br /></p><p>But we are throwing away billions of dollars making pennies and this is a cost to everyone.&nbsp; Even if you grow your own food you still have to breathe the pollution from making these toxic slugs and the truck that haul them hither and yon.&nbsp; And if one turns up in your garden it might still kill your dog or your baby if it&#039;s eaten.[/QUOTE]</p><p><br /></p>

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