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The "new" penny is just awful
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<p>[QUOTE="Clawcoins, post: 3606305, member: 77814"]Yup ...</p><p><a href="https://www.salestaxinstitute.com/resources/rates" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.salestaxinstitute.com/resources/rates" rel="nofollow">https://www.salestaxinstitute.com/resources/rates</a></p><p>excerpt</p><p>[ATTACH=full]965528[/ATTACH]</p><p><br /></p><p><br /></p><p>It really messes stuff up.</p><p><br /></p><p>For instance, if you buy something for $1.00 (like a bottled water) in Michigan, you pay $1.06 in the end with State Sales Tax. So somewhere in there you either pay a penny (and nickel) or get back 4 cents or more.</p><p><br /></p><p>I Guess in Connecticut that same $1.00 item is $1.0635, or Colorado $1.029. PLUS some of those states also allow Local Municipalities to add sales tax I guess ... what fun (is that a percentage of the sale + state, or do they add the %s together first before calculating against the sale ?).</p><p><br /></p><p>Why in the world do they have fractional percentages for sales tax and other tax rates? (yes, for more fractional money that adds up quickly).[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3606305, member: 77814"]Yup ... [URL]https://www.salestaxinstitute.com/resources/rates[/URL] excerpt [ATTACH=full]965528[/ATTACH] It really messes stuff up. For instance, if you buy something for $1.00 (like a bottled water) in Michigan, you pay $1.06 in the end with State Sales Tax. So somewhere in there you either pay a penny (and nickel) or get back 4 cents or more. I Guess in Connecticut that same $1.00 item is $1.0635, or Colorado $1.029. PLUS some of those states also allow Local Municipalities to add sales tax I guess ... what fun (is that a percentage of the sale + state, or do they add the %s together first before calculating against the sale ?). Why in the world do they have fractional percentages for sales tax and other tax rates? (yes, for more fractional money that adds up quickly).[/QUOTE]
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