The $.98 business started to ensure the help had to open the cash register drawer to change the dollars. Otherwise, it was too easy to slip those dollar bills into employee pockets. Something I learned from “American Heritage” magazine.
so, everything will be $1.07 after sales tax
With inflation, we are now paying out a lot more in taxes. If an item that used to be a dollar with an 8% sales tax, we paid 8 cents in sales tax. If that same item with inflation is now two dollars (being conservative here), we are now paying 16 cents in sales tax (double from previous).
Every effort to get rid of the penny was met with “then things that are $.99 will become $1” but that was just shopkeepers framing it. They sell something for $.99 because it sounds less than $1.00. To keep the illusion, they’d have to drop the price to $.95.
bird must be one of them real intelligent polies that haven’t worked a day in their life
The solution is to have tax included in the prices like it is for gasoline. Of course, that would just give merchants an excuse to raise their prices to even dollar values. Guess that isn’t the solution after all. There is enough greed in the business world as it is already.
Don’t worry! The CDC said we need to eliminate all paper and coins as they spread Coronavirus and other virus outbreaks. You will need to pay by electronic transfer. Without touching anyone.
So that was the origin of the Dollar $tore?
(What amuses me is that Dollar $tores are found all over Europe (and beyond?), where dollars are not currency.)
Biden is way ahead of you!!
There was a coin shortage in 1964? Wow, this comic is more relevant than ever 58 years later.
Mick & Mason Mastroianni
Parker and Hart