To: Your Nightmare
Sorry, Nightie. Your number was in error by 400+ percent as I showed you.
You're just not honest enough to admit it. The number you used was not "in process" but was the total inventory in the entire economy (manufacturers, wholesalers, etc.). Whatever "seems reasonable" to you is almost undoubtedly wrong since you merely attempt to warp the truth to fit your attacks on the Fairtax.
You were also wrong when you claimed the inventory involved did not have to be taxable under the FairTax (it does) ... and you've never admitted THAT either. It's hard to see why anyone would be foolish enough to believe your "stuff".
650 posted on
04/14/2006 8:41:32 AM PDT by
pigdog
To: pigdog
You were also wrong when you claimed the inventory involved did not have to be taxable under the FairTax (it does) ... and you've never admitted THAT either.
It doesn't:
`(c) Qualified Inventory Held by Businesses not Selling Said Qualified Inventory at Retail- `(1) IN GENERAL- Qualified inventory held by businesses that sells said qualified inventory not subject to tax pursuant to section 102(a) shall be eligible for the transitional inventory credit only if that business (or a business that has successor rights pursuant to paragraph (2)) receives certification in a form satisfactory to the Secretary that the qualified inventory was subsequently sold subject to the tax imposed by this subtitle.
If you don't like my number, give us a number, bright guy. What would the Transitional Inventory Credit be. You claim I made an error but don't give a number of your own. Pathetic, as usual.
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