Raising the limit to 10k from 3k? Boy, that would be a burden on our already troubled economy.. Who actually talks about these bright ideas????
Besides, if you gain 10k in 2003, but lost 20k in 2002, you essentially can take the loss from 2002 and carry it over until its exhuasted. The $3000 is actually for additional loses not exhuasted by the carry over.. but I certainly dont think it would be fair to allow people to deduct the entire loss in a year if they dont have gains to match with.. err unless you file as a trader, which is entirely different all together..
Funny how nobody was complaining about anything from taxes, corporate fraud, short sellers until the market decided to get real and stop giving out free money : )
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