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<p>[QUOTE="medoraman, post: 2155421, member: 26302"]HOw its supposed to work, (short of some states getting greedy), would be that if you were in a 7.75 tax state, and you bought $10 or goods, your tax would be $.80, since you have to round from $.775 to the nearest nickel. A $9.99 purchase would result in $.774225 theoretically, which would round to $.75. Simple rounding rules on the total of the tax due are supposed to apply. Theoretically, all such rounding, due to the law of large numbers, should net out to zero. So no one should win or lose by having a 5 cent coin, or a ten cent coin, as the smallest denomination.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2155421, member: 26302"]HOw its supposed to work, (short of some states getting greedy), would be that if you were in a 7.75 tax state, and you bought $10 or goods, your tax would be $.80, since you have to round from $.775 to the nearest nickel. A $9.99 purchase would result in $.774225 theoretically, which would round to $.75. Simple rounding rules on the total of the tax due are supposed to apply. Theoretically, all such rounding, due to the law of large numbers, should net out to zero. So no one should win or lose by having a 5 cent coin, or a ten cent coin, as the smallest denomination.[/QUOTE]
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