[xcamel]

A big problem with the embedded tax issue for small business is that the "tax" value portion of your inventory can not and does not dissipate overnight. Inventory turn rates can be as little as one to two days, and as long as a year or more. Even with LIFO cost averaging on inventory values, either I keep my margins (maintain current pre-tax pricing) or the government is going to have to pay me the embedded tax value of my existing inventory on the day the law changes. Guess which one isn't going to happen.

It's the ultimate "catch-22" Prices go up 30%, my sales go down 50%, I'm stuck with the embedded tax cost of my pre-existing inventory, I go bankrupt.

[Principled]

Go ahead and declare bankruptcy while your competitors laugh. Read the bill.

[Principled]

See section 902. THen when you've read it, you can come back and make something up about why it isn't really there.