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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.

Oh, but it does need to be taxable, Nightie, and the very last line of just the part you quoted shows that when it says:

"... receives certification in a form satisfactory to the Secretary that the qualified inventory was subsequently sold subject to the tax imposed by this subtitle ..."

(emphasis added)

And it's not a matter of "liking" your numbers or not, Nightie, merely that they are grossly wrong covering all inventory even that held by manufacturers, wholesalers, etc. In short - all inventory in the US. That's not what the bill said and you know it.

Most of us on these threads know of your disinclination to admit your errors and I'm certainly willing to think that the figure Linder offered of less than 1/3 of "your number" is more correct. All this is just more of your nonsense and hope to derail ay FairTax discussion by claiming no one was willing to post SOME of your past lies/misstatements. I just did so.