The Reason the Price of Gasoline Has That 9/10

If you asked me how much I pay for gas, I would say $3.49 a gallon. Actually, though, the sign says $3.499. And that means, because the gas station rounds up, I am paying $3.50.  Doesn’t $3.50 sounds like a lot…

High, Low, or No Cigarette Tax?

Recently, Connecticut legislators were pleasantly surprised because an increase in the cigarette tax generated more revenue than they expected. You might say that the results were predictable. However, if a state increases taxes, it is possible that consumers will stop…