Re:Is It Time to Kill the Penny?
by Broken_Hippo on Tuesday July 14, 2020 @07:53PM
(#23839568)
Honestly, all folks would have to do is get a receipt that shows how much tax you paid.
And even if they do always round up: It won't be that much - up to 4 cents per transaction. 125 transactions would only cost you $5 per month - and besides, businesses have actual costs to using cash. No pennies means less time handing out and counting change and less change to get from the bank. Not to mention the savings at the government level.
And even if they do always round up: It won't be that much - up to 4 cents per transaction. 125 transactions would only cost you $5 per month - and besides, businesses have actual costs to using cash. No pennies means less time handing out and counting change and less change to get from the bank. Not to mention the savings at the government level.