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<p>[QUOTE=&quot;-jeffB, post: 1524053, member: 27832&quot;]How do you figure? Today, taxes are rounded -- if the tax rate is 5%, a 1- to 9-cent purchase carries no tax (Staples is selling pencil packs for a penny apiece this weekend!), a 10- to 29-cent purchase carries one cent tax, 30- to 49-cent purchases carry two cents, and so on.</p><p><br /></p><p>If we ditch the cent and nickel, a 0- to 99-cent purchase would carry no tax, a $1- to $2.99 purchase would carry 10 cents tax, and so on.</p><p><br /></p><p>Not that I think you&#039;re trying to make this point, d.t., but it seems like a lot of people think that when they bought ten $1 items, they&#039;d get charged 10 cents tax on each, rather than 5 cents. And that&#039;s just not the way it works.</p><p><br /></p><p>Individual prices won&#039;t have to be rounded, either. Items could still be priced to the cent, just like gasoline is priced to the tenth of a cent per gallon; you&#039;d just do one final rounding for your entire purchase.[/QUOTE]</p><p><br /></p>

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