Well the first point suggest the need for transition rules:

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Submitted by Lyle (United States), May 28, 2013 18:25

I am given to understand that over 1/2 of the 1986 tax revision was transition rules to manage the change. One transition example for home mortgage interest loans for primary residences taken before date x are deductable, after that date its 90% deductable the first year 80% the second etc. Further loans taken out after 1 year from x get 80% and a 10% per annum reduction schedule. Note that second home interest would become deductable immediatly under such a rule. One would have to invent similar rules for many situatiions.

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Title By Date
⇒ Well the first point suggest the need for transition rules: [91 words]LyleMay 28, 2013 18:25
A VAT is a Flat Tax Too [334 words]Eugene Patrick DevanyMay 28, 2013 17:48
↔ Actually the cited secure savings pay the higher rates. [37 words]LyleMay 28, 2013 23:56

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