2006-07-02 08:02:42 · 10 answers · asked by College Kid 5 in Politics & Government ➔ Other - Politics & Government
Or services?
2006-07-02 08:03:10 · update #1
Yes, all prices will have to be rounded to the nearest nickle, so all prices will end in either 5 or 0 . Also all taxes will be rounded, and probably up, so that if your sales tax is 6% then it will be raised to 10 cents.
2006-07-02 08:10:16 · answer #1 · answered by miknave 4 · 0⤊ 0⤋
Uhh... well, first off, I hope they don't do that. :(
And, secondly, it probably would effect prices because right now, sometimes you can't really pay for things, using exact change, without the penny. They'd have to change the prices so it correctly corresponds with the tax amount so you don't need pennies to pay for it.
2006-07-02 15:10:13 · answer #2 · answered by Emma A. 3 · 0⤊ 0⤋
What about states in which the sales tax is four cents per dollar. Does that translate into a tax increase as well?
2006-07-02 15:10:54 · answer #3 · answered by kelly24592 5 · 0⤊ 0⤋
Definitely, but only by a few cents. Think about it: prices can now only end in a 0 or 5.
My bet is that everything will now cost 19.95 instead of 19.99...but they would never make anything an even 20 bucks.
2006-07-02 15:08:08 · answer #4 · answered by Tigga, Please 2 · 0⤊ 0⤋
yes by 1-4 cents
2006-07-02 15:06:51 · answer #5 · answered by scorpion 2 · 0⤊ 0⤋
Well, if you take out the pennies, you'll force car dealers to be more honest in their advertising! LOL No more 12,999,99....
2006-07-02 15:06:32 · answer #6 · answered by gokart121 6 · 0⤊ 0⤋
Yes, by pennies on the dollar
2006-07-02 15:05:07 · answer #7 · answered by W 1 · 0⤊ 0⤋
All prices will go up---rounded to the highest that they can be !!
To expect less is simply being blind
2006-07-02 15:07:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋
yes. it only means that your economy's goin' to sh**!!!!
2006-07-02 15:06:49 · answer #9 · answered by ravencracks 3 · 0⤊ 0⤋
You bet it will
2006-07-02 15:06:01 · answer #10 · answered by mick 6 · 0⤊ 0⤋