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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5103)	2/28/2010 7:55:56 PM
From: Boca_PETE	Respond to of 10065

Very interesting, I2. I did not listen to today's program. I read the summary you linked and it seemed like a fair rule when private industry executives like Paulson are tapped to serve in high profile government service positions and are forced to sell assets believed to create a conflict of interest. It appears that under the rule, Paulson's gain would be deferred for recognition and taxation in a later year, not completely excused from tax. Tax rates could even be higher at that time. Also, large capital gains under current alternative minimum tax rules can add substantial such tax onto the 15% long-term capital gain tax. Also, such large capital gains lead to the maximum Medicare-Part B insurance premium due over the following year for the individual and spouse. During yesterday's program, Bob seemed angry that Paulson would not accept his invitation to be interviewed on Moneytalk about his new book and questioned by listeners about his book and anything else. It would have made an interesting last hour of Bob's program had he accepted, although Paulson's stuttering could have been annoying. However, I'd probably be stuttering too if I had been in his position going through the credit crisis like he did. I'm sure all of his decisions during the crisis were made believing he was making the best possible decision for the country and the financial system given the circumstances. JMHO. P