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Old 10-21-2009, 08:45 PM   #1 (permalink)
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Incidentally, that sales tax is often more than six percent since Maryland, unlike many states, rounds up to the next highest penny even if the calculated tax shows less than half a penny is owed.

For example, if you pay $1.01 for an item, 6% of that is 6.06 cents. In Maryland, however, you're going to pay 7 cents on that item because they round up to the next penny if the amount is higher than a round number, no matter how much higher. The state comptroller's office estimates this "new math" nets the state an extra $18 million a year. That must be how they do accounting in fantasy land; I assure you, that's not how they taught us to round up in our elementary school math class.
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Old 10-22-2009, 02:53 AM   #2 (permalink)
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Maryland State Motto:

If you can dream it, we can tax it!!!
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Old 10-22-2009, 09:50 AM   #3 (permalink)
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...and most people in Maryland will never know this. Sad.
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