RE: That's a lot of penis!

avatar

You are viewing a single comment's thread:

I figured this out a while ago.

The main reason that we keep using pennies is the local sales tax formula. The formulas and charts calculate to the penny; therefore retail businesses must calculate their bills to the penny.

Municipalities enforce sales tax aggressively. Businesses get in trouble if they collect a different amount than they report on their tax records.

Retiring the penny would require co-ordination from sales tax agencies. Since these agencies are filled with small-minded bureaucrats, this is unlikely to happen.

!BEER



0
0
0.000
2 comments
avatar

Not only will we "not" retire Pennies, but we'll be "adding" 99 Decimal Cents to our Electronic Coinage...

0
0
0.000