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RE: Coin of the Day 9-12-18

in #steemsilvergold6 years ago

Huh, I had no idea that these tokens existed! I guess it was needed in the days before electronic accounting of the sales tax, but it seems incredibly unwieldy! Interesting to learn about though..

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Yeah, due to inflation, we don't normally have tax get added that is in increments of 1/10th of a cent. Well, we do, but it's increasing the cost by rounding up from $1.096 to $1.10. Most people don't worry about the 4/10 of a cent and therefore don't say anything. It would be more work than it was worth to have a tax token to take care of that. I guess Uncle Sam gets a surplus. Grrr.

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