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The U.S. Penny

Moms View Message Board: The Kitchen Table (Debating Board): The U.S. Penny
By Sunny on Thursday, April 25, 2002 - 01:19 pm:

http://money.cnn.com/2002/04/11/pf/q_pennies/index.htm

Should the U.S. do away with the penny? Yes or No?
What's your opinion?

By Ginnyk on Thursday, April 25, 2002 - 06:51 pm:

No, because then merchants will raise things to the next nickel. And what about sales taxes. Sales tax here is 6 cents on the dollar for the rest of the state and 7 cents in Philadelphia. So if I buy something for 99 cents, will I wind up paying $1.10? And all the dollar stores will be $1.03 or $1.04 stores.


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