It was only a matter of time. You might want to post a link to an article from a free site though. I'm a WSJ subscriber, but many others on here may not be.
In a way, rounding to the nearest nickel makes sense. After all, IRS rounds to the nearest dollar when doing taxes.
Getting rid of a low denomination coin isn't without precedent since the USA had half cent coins until 1857. Not sure how the phase out worked, or how long it took, but it must not have been too traumatic.
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last commentIt was only a matter of time. You might want to post a link to an article from a free site though. I'm a WSJ subscriber, but many others on here may not be.
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^ I saw this on Apple News earlier I’m pretty sure my link was to the free version
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Just another way to rip people off
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Waffle House already includes tax in the menu prices. So no penny's needed.
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I’m trying to figure out how this works? So everything after tax has to have a total ending in .00 or some denomination of .05?
Or all prices remain the same then at the register it’s rounded up or down?
Doesn’t matter with debit or credit cards but with cash, it’s a different story.
Will probably be a decade before they get rid of every penny in circulation anyway.
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Europe already does this. The smallest Euro coin is 5 cents. It's the smart thing to do when the coin is worth less than the cost.
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Finally Democrats and Republicans agree on something.
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Good call - finally.
However, it costs almost 14 cents to manufacture a nickel. Hmmm
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In a way, rounding to the nearest nickel makes sense. After all, IRS rounds to the nearest dollar when doing taxes.
Getting rid of a low denomination coin isn't without precedent since the USA had half cent coins until 1857. Not sure how the phase out worked, or how long it took, but it must not have been too traumatic.
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