Proposal for modifying gnucash to use exact quantities
Tue, 25 Jul 2000 10:28:28 -0800
Buddha Buck wrote:
> At 09:29 AM 7/25/00 -0500, you wrote:
> >Clark Jones <firstname.lastname@example.org> writes:
> > > I hate to quibble with Gribble :-), but in actuallity the bill establishing
> > > the Dollar as the U.S. currency (written by Thomas Jefferson) >
> > > defines the "mill" -- which is 1/1000 of a U.S. Dollar -- though
> > > the only places where you're likely to run into it is at the gas
> > > pump and calculating real estate taxes.
[ snip ]
> Although the mill is a defined denomination, the US Government has >
> never minted or printed any currency in that denomination. The
> closest that they have come is the half-cent piece, which technically
> was denominated in (fractional) cents, anyway.
>From sometime during World War II, Washington State had a 3-1/3% sales
tax. The state stamped aluminum "tax tokens" about the diameter of a
quarter ( yep, :-)) but thinner. They had a hole in the center, so kids
in the 50's would thread them on strings. Yes, grocers collected and
distributed the 1/3 cent pieces with each transaction.
> But pricing is weird anyway. Jon Trowbridge (sp?) has already pointed out
> that some markets report prices in units of 1/8 cent/bushel.
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