{"id":31542,"date":"2009-01-28T01:01:01","date_gmt":"2011-05-19T02:50:12","guid":{"rendered":""},"modified":"2011-05-19T02:50:12","modified_gmt":"2011-05-19T02:50:12","slug":"discussing_the_capital_gains_tax","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/01\/28\/discussing_the_capital_gains_tax\/","title":{"rendered":"Discussing the Capital Gains Tax"},"content":{"rendered":"<section>\n<p>RUSH: Paul in Westerville, Ohio, thank you for calling, sir. It\u2019s nice to have you here.<\/p>\n<p>CALLER: Hi, Rush. Greetings from snowy central Ohio, your friend John Kasich Country.<\/p>\n<p>RUSH: Thank you, sir, very much from 79 degrees and sunny south Florida.<\/p>\n<p>CALLER: I have a proposal for you to make a little tweaking on your 54-46 proposal with Obama.<\/p>\n<p>RUSH: Yes, sir?<\/p>\n<p>CALLER: You had proposed a major change in the capital gains rates, and I would generally agree with you. But because many, many people have capital gain carry-forward losses that will last them a lifetime, you might want to consider adjusting that and changing it to a proposal where all IRA distributions from all types of IRAs become nontaxable. Because your capital gain one, while in theory is great, on the practical basis, isn\u2019t going to have much effect, unfortunately.<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144d09e598.jpg\" width=\"170\" height=\"210\" class=\"alignright\"\/>RUSH: And you\u2019re saying this because the market has been wiped out. It\u2019s going to take years for people\u2019s portfolios to rebound to a positive or plus side, so they\u2019re not going to be having any capital gains?<\/p>\n<p>CALLER: Exactly. I don\u2019t know if I have enough years left to live to utilize my capital loss&#8230;<\/p>\n<p>RUSH: Well, but here\u2019s why I\u2019m thinking about it. You\u2019re thinking about people now.<\/p>\n<p>CALLER: Correct.<\/p>\n<p>RUSH: What\u2019s happened is a tremendous number of people have gotten out of the market. Now, at some point they\u2019re going to come back in. There are a lot of people that think we are near the bottom. They are hoping so.<\/p>\n<p>CALLER: But even though those people who have gotten out likely have incurred capital losses.<\/p>\n<p>RUSH: Right. But forget them for just a second.<\/p>\n<p>CALLER: Okay.<\/p>\n<p>RUSH: We\u2019re gonna handle it. Those people also may have lost their jobs. There are many aspects to this. But if people get into the market, if people go back into the market and buy new at these levels, you think it won\u2019t spur people getting back in? Do you think a two- or three hundred-point-a-day increase in the Dow Jones Industrial Average will not indicate some degree of confidence elsewhere in the economy? I know the market\u2019s not always a leading indicator of economic activity good or bad, but this is designed to get people back in it, rather than getting out of it. I understand what you\u2019re saying. It\u2019s an excellent point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Paul in Westerville, Ohio, thank you for calling, sir. It\u2019s nice to have you here. CALLER: Hi, Rush. Greetings from snowy central Ohio, your friend John Kasich Country. RUSH: Thank you, sir, very much from 79 degrees and sunny south Florida. CALLER: I have a proposal for you to make a little tweaking on [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discussing the Capital Gains Tax - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/01\/28\/discussing_the_capital_gains_tax\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Discussing the Capital Gains Tax - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Paul in Westerville, Ohio, thank you for calling, sir. 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