inflationhawk wrote:So your suggesting that when paying cash the state requires you to round up first and then apply sales tax and round again?
If using a payment card no rounding will take place at all and if cash is used rounding only applies once, after the tax is applied. That's the way this has been applied in at least 3 of the countries I have personal experience with, can't say for sure on the rest, but doubt it's any different. I've never seen or heard of a double rounding scenario.
OK, I buy a pack of gum. Gum + Tax = $1.03
If there's no more pennies inflationhawk says I round that up to $1.05 for customers paying cash
My donkey friends in the statehouse want to
always round up, so they say I pay $1.05
My elephant friends in the statehouse want to
always round down, so they say I pay $1.00
++++++++++++++++++++++++++++++++++++++++++++++++++
Now I buy a soda. Soda + Tax = $1.02
If there's no more pennies inflationhawk says I round that down to $1.00 for customers paying cash
My donkey friends in the statehouse want to
always round up, so they say I pay $1.05
My elephant friends in the statehouse want to
always round down, so they say I pay $1.00
++++++++++++++++++++++++++++++++++++++++++++++++++
No double-rounding scenario here, just different ways of looking at how to round. But if pennies go away, my friends in the statehouse are going pick one of the three different rounding methods above and amend the existing sales tax laws.