return2ozma@lemmy.world to News@lemmy.world · 14 days agoStop making cents: US Mint moves forward with plans to kill the pennyapnews.comexternal-linkmessage-square131fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkStop making cents: US Mint moves forward with plans to kill the pennyapnews.comreturn2ozma@lemmy.world to News@lemmy.world · 14 days agomessage-square131fedilink
minus-squarePyr@lemmy.calinkfedilinkarrow-up0·14 days agoIt’s the same issue with the penny, you round up or round down. If you have no penny, when taxes on your item make the total equal to $5.03, you pay $5.05. if the total is $5.02 you pay $5.00.
minus-square_core@sh.itjust.workslinkfedilinkarrow-up0·12 days agoBusinesses will round up in both cases
minus-squareHowAbt2morrow@futurology.todaylinkfedilinkEnglisharrow-up0·14 days agoTurn the dime into 12.5 cents.
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up0·14 days ago🎶Shave and haircut, two bits🎵
minus-squarerc__buggy@sh.itjust.workslinkfedilinkarrow-up0·14 days agohttps://www.youtube.com/watch?v=z8leYVnk6Gw
minus-squareIamSparticles@lemmy.ziplinkfedilinkEnglisharrow-up0·14 days agoSure, but the rounding errors become a lot bigger if you get rid of the nickel.
minus-squarePyr@lemmy.calinkfedilinkarrow-up0·edit-212 days agoAs long as there’s no collusion it should generally even out with random purchases. Unless you constantly buy the same order every day that ends in 3 cents and rounds up you might pay like $5 more every year.
It’s the same issue with the penny, you round up or round down.
If you have no penny, when taxes on your item make the total equal to $5.03, you pay $5.05. if the total is $5.02 you pay $5.00.
Businesses will round up in both cases
Turn the dime into 12.5 cents.
Bring back the bit!
🎶Shave and haircut, two bits🎵
https://www.youtube.com/watch?v=z8leYVnk6Gw
Sure, but the rounding errors become a lot bigger if you get rid of the nickel.
As long as there’s no collusion it should generally even out with random purchases. Unless you constantly buy the same order every day that ends in 3 cents and rounds up you might pay like $5 more every year.