“A %6 tax would become ten.”
Actually, it only would if you purchase something for a dollar. As far as purchase greater that $1, it would never be more than 4 cents per purchase.
For example, if you bought something for $52.46, with 6% sales tax it would come to $55.61. Without a penny you would have to round (up I assume) to $55.65. The effective tax rate on that purchase is 6.08%, not 10%.
Thank you for saving me the time of explaining that!
We’d probably be able to round down too... I don’t see it happening politically otherwise, this would be a tax that hurts the poor more than the rich!
I understand that, but this is government we are talking about. The tax will never go away and only increase. It will start out as smaller numbers of course. I don’t know too many retail establishments with auto matic rounding machines either. They shouldn’t be needed but...