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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Steve203 ⎊❂🐝 HONORARY
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Number: of 86277 
Subject: Re: Treasury overcome $1 coin hate
Date: 07/15/26 4:11 PM
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How does that help? A dollar item with a 8.5% sales tax would then be $1.10, which you still can't pay for with $1 plus a quarter in cash.

You missed the point. Don't think in terms of "cents", but fractions of a dollar. You have three coins: 1/10 dollar, 1/2 dollar, and 1 dollar.

A POS that rounds to one decimal point, using a 6% sales tax, like Michigan has, would show on the POS as $1.1, so you pay with a "golden" Trump dollar, and a Saint Reagan dime. A dollar item with a 2% tax will come out as $1.0, just as, right now, a 10 cent item with a 2% tax would ring up on a two decimal place POS as 10 cents.

Consulting the net sifter for confirmation that a POS system will round down, to show zero sales tax:

There is $0 sales tax on a 10-cent purchase in Michigan. Under official state sales tax bracket guidelines, transactions from $0.01 to $0.10 are exempt from tax, and the first penny of tax is only collected when the purchase price reaches $0.11

Steve

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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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