331–340 of 428 posts
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I just disagree with this. We will see Wal-Mart and other chain retailers make their own POS software/systems. 3-4 cents isn't a lot. Unless it's added up by all of the people shopping in those places over the course of a year. The incentive to cheat the system is there, therefore the system will 100% be cheated. That's The American Way, in my experience.
As foretold in Superman III and The Office .
I personally don't care one way or another but those who miss the penny the most, won't likely get a voice.
In the Netherlands > In 1980, production of the 1-cent coin ceased and was demonetized three years later. https://en.wikipedia.org/wiki/Dutch_guilder#Coins > In 1999 replaced by the Euro, and gained 1-cent and 2-cent coins. https://en.wikipedia.org/wiki/2_euro_cent_coin The one- and two-cent coins were initially introduced in order to ensure that the introduction of the euro was not used as an excuse by retailers to…
The claim that 0.01€ coins produced elsewhere remain legal tender in the rounding countries, does not hold for Finland. No supermarket is going to accept 1- or 2-cent coins for payment even if you had enough to add up to the nearest 5-cent unit.
Yes. Canada stopped producing pennies in the fall of 2012. [0] The sky didn't fall. There was no great debate, no public opinion polls and politicians swearing heartily about the demise of our great nation. (Ok that's probably not true. For too many politicians that's all they do.) There was resistance when Canada dropped the $1 bill in favour of a Loonie (a $1 coin with the image of a loon on it). People bitched abo…
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> Except that if the average transaction is say $50 (which seems kinda low) that means your turnover for the day was $100 million. I don't think that seems low. A grocery store or a bakery probably sees a lot of transaction in the 2$ to 5$ range. But, to be fair, even at 'only' 4 million $ turnover your point still stands.
I don't know what grocery stores you go to, but I've never seen someone standing at the checkout line, holding a single turnip. Corner stores have the occasional sub-$5 purchase, as do, of course, coffee shops.
Can we get rid of nickels and dimes too? And standardize on a single sales tax rate across the country? And then build that into prices instead of being tacked on extra? Just let everything actually cost increments of $0.25. Let me buy something on the McDonald's dollar menu with an actual dollar. Not with two dollars and then dealing with seven chunks of metal in return. (I mean, as long as we're dreaming. Because i…
>standardize on a single sales tax rate across the country My modest proposal, do what Alaska, Delaware, Montana, New Hampshire, and Oregon have all done and eliminate it. Sales tax is annoying and regressive.
Can we get rid of nickels and dimes too? And standardize on a single sales tax rate across the country? And then build that into prices instead of being tacked on extra? Just let everything actually cost increments of $0.25. Let me buy something on the McDonald's dollar menu with an actual dollar. Not with two dollars and then dealing with seven chunks of metal in return. (I mean, as long as we're dreaming. Because i…
>standardize on a single sales tax rate across the country My modest proposal, do what Alaska, Delaware, Montana, New Hampshire, and Oregon have all done and eliminate it. Sales tax is annoying and regressive.
First, it's the main tax foreigners pay when visiting (hotel taxes being the other). And since foreigners are benefting from local roads, police, and everything else just like citizens do, there's an argument they should contribute local taxes too.
But second, that sales taxes are aren't necessarily regressive, and could be made progressive. You don't pay sales tax on necessities like rent and supermarket food, so that's already a progressive aspect. And sales tax could be made more progressive if it were higher based on product categories (e.g. expensive cell phones, etc.). Many countries have a huge number of sales tax brackets by product category for this reason -- but they're built into the price, so stores know but consumers don't see the difference.
I do personally think it would be simpler though to just set sales tax to zero, fund local taxes with income+property taxes mainly, and jack up hotel taxes (in a highly progressive way) in destinations with so many tourists that they actually make a big difference to local infrastructure costs.
two upsides:
* we can do counting on our fingers again for shopping
* large numbers of C-list celebreties are no longer millionaires
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Business collect and remit taxation on behalf of the customer, so no the business is not "paying" the taxes. It is the consumer that owes them the business is just collecting them for the government. For which the business gets a small fee to do this service for the government. If the business did not collect taxes then you the customer owe that to the state still and are suppose to self report that and pay the owed…
> If the business did not collect taxes then you the customer owe that to the state still and are suppose to self report that and pay the owed taxed annually Interesting. But do people actually do this in practice? I wonder if states report what percentage of sales tax comes from businesses vs individuals.