From: Stan <ecfield at comcast.net>
To: WSFA members <WSFAlist at keithlynch.net>
Subject: [WSFA] Re: Funny Coins
Date: Sat, 23 Sep 2006 14:45:31 -0400
Reply-To: WSFA members <WSFAlist at KeithLynch.net>

On Saturday 23 September 2006 1:55 pm, Michael Walsh wrote:
> > ecfield at comcast.net 9/23/2006 1:59:49 PM >>>
> >
> >I'm one of the folks that love the idea of colored bills... but then
> >again, I
> >also want the mint to stop wasting money on pennies. Just round ALL
> >deals to
> >the nearest nickle and be done with it.
>
> I don't think the state would like the idea of rounding down their
> sales tax take.  5% sales tax on 99 cent item comes to $1.04... or do
> you want the merchant to donate the difference?

That's the idea of 'rounding'... If the bill is $1.03 or $1.04, they get a
nickle. If it's $1.02 or $1.01, you keep the nickle. It all comes out even in
the long run. And the merchant doesn't do it, you do.

Stan