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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
bysabbede ( 2678435 ) writes:
Can we just mint a ton of them once or twice a decade? I get that it doesn't make sense to spend more than one cent to mint a penny, but we should refresh the supply every now and again.
byArmoredDragon ( 3450605 ) writes:
Why bother? Nostalgia? Just to add some perspective here, when the US first discontinued the small penny, which was half of a cent, it was worth roughly 15 cents in today's money. The large penny, (which got smaller at point) which was one cent, was worth more than today's quarter at about 30 cents.
So back then, prices were incremented by more than today's quarter. There's no reason we can't simply do the same today. We may as well even get rid of nickels and dimes while we're at it. A nickel and a dime tod
byPCM2 ( 4486 ) writes:
One reason I can think of is that different states and municipalities impose different rates of sales tax at the register. Multiplying a retail price by 8.75% may not always produce an even, round number.
byAnonymous Coward writes:
Other countries don't seen to have a problem. They just round up or down.
byPCM2 ( 4486 ) writes:
Welllll, a bunch of countries use VAT, where you pay whatever is on the label. In the US, what you pay for a product will depend on where you buy it, despite it having the same price on the tag..
bytest321 ( 8891681 ) writes:
I think it's not connected to being VAT or Sales Tax. The difference is that the law in many or most countries requires the displayed price to be final. Each seller is responsible to update the sticker or the shelf label such that all local taxes are included. If the tax somehow changes by district, then you update the sticker in each district, or you choose one common price and eat the tax difference.
In my place a hamburger menu is advertised 10 €; if I request it to-go then necessary-goods VAT 6% app
byjonbryce ( 703250 ) writes:
In the UK you quite often see different eat in and take-away prices listed to reflect the fact that tax rates are different.
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