Is It Time to Kill the Penny?

Re:Is It Time to Kill the Penny? by lovegoblin on Tuesday July 14, 2020 @12:11PM (#23833665)

Also, it's only cash transactions that are rounded. If you pay by debit or credit (which I would guess is the majority?) then it's still the exact amount and nothing has changed.

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Re:Is It Time to Kill the Penny? by causality0 on Tuesday July 14, 2020 @02:37PM (#23835906)

All transactions are rounded. It's just that paying by card is rounded to the nearest cent instead of the nearest 5 cents.

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Re:Is It Time to Kill the Penny? by californical on Tuesday July 14, 2020 @03:00PM (#23836193)

Weird that people disagree with you -- try taking a 7% tax of $1.25. your total will be $1.3375 -> $1.34

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Re:Is It Time to Kill the Penny? by lovegoblin on Tuesday July 14, 2020 @04:01PM (#23837034)

Is it disagreement or just eye-rolling?

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Re:Is It Time to Kill the Penny? by mgbmtl on Tuesday July 14, 2020 @04:03PM (#23837073)

Fun in Quebec: a 14.975% tax rate¹. The tax can be rounded per line item or on the total.

¹ it was so that the effective tax rate remained the same when Quebec stopped taxing the federal tax, which was pretty annoying for software.

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Re:Is It Time to Kill the Penny? by Aunche on Tuesday July 14, 2020 @09:04PM (#23840080)

A fun example of this is gas prices. It’s actually $1.999 a gallon instead of $1.99 a gallon.

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