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<p>[QUOTE="satootoko, post: 192961, member: 669"]flaminio - go back and read my last post, and your exact question that I was responding to. That exchange had absolutely nothing to do with the economic <u>effects</u>, or wisdom, of nickel rounding vs. cent rounding, but only with the manner in which the presence of sales tax <u>affects</u> rounding.</p><p><br /></p><p>BTW your spreadsheet analysis can make just as good an argument for rounding to the nearest dollar as to the nearest nickel. That is already done on your income tax forms. A couple of years ago I had an unusually large number of transactions to report, and just for kicks I refigured my 1040 with exact dollars and cents. On that basis my taxes would have been increased by 1¢ - on a tax bill that was higher than my total earnings in my best year before I turned 50!</p><p><br /></p><p>In fact, if enough transactions are considered, rounding to the nearest $100 would also eventually come out the same way.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 192961, member: 669"]flaminio - go back and read my last post, and your exact question that I was responding to. That exchange had absolutely nothing to do with the economic [u]effects[/u], or wisdom, of nickel rounding vs. cent rounding, but only with the manner in which the presence of sales tax [u]affects[/u] rounding. BTW your spreadsheet analysis can make just as good an argument for rounding to the nearest dollar as to the nearest nickel. That is already done on your income tax forms. A couple of years ago I had an unusually large number of transactions to report, and just for kicks I refigured my 1040 with exact dollars and cents. On that basis my taxes would have been increased by 1¢ - on a tax bill that was higher than my total earnings in my best year before I turned 50! In fact, if enough transactions are considered, rounding to the nearest $100 would also eventually come out the same way.[/QUOTE]
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