Message:

<p>[QUOTE=&quot;cladking, post: 289244, member: 68&quot;]There is NO net gain or loss to anybody by rounding.&nbsp; </p><p><br /></p><p>The government already allows rounding to the NEAREST DOLLAR on income taxes.&nbsp; Do you really believe they would allow this if they were going to lose money?&nbsp; </p><p><br /></p><p>All that&#039;s needed to round to the nearest nickel is to recalculate sales taxes so they kick in in 5c increments and to just do it.&nbsp; There is no loss, no gain, just a much simpler and cleaner world that doesn&#039;t involve corroded and toxic slugs.&nbsp; </p><p><br /></p><p>Since the consumer is the one who controls total purchase, he is the one to whom any possible benefits would accrue.&nbsp; How many people will keep a running total of their purchases and the tax so that they can round down a penny or two?&nbsp; Virtually no one.&nbsp; The sole exception might be at the gas pump where you can try to end up at one, two, six or seven cents so it&#039;s rounded down.&nbsp; This might cost the typical gasoline seller a dollar or two per day.&nbsp; In an era of $10,000+ daily sales, they probably won&#039;t be overly concerned.[/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