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Sun Dec 2, 2012 9:51 AM EST
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David,
How do you, and others, let guests like Maria Bartiroma get away with saying the average person (through their pension and 401(k) plans) would be hurt if capital gains and dividends were treated as ordinary income? This is simply not a fact! As you should know, when a person receives funds from their pensions and/or 401(k) plans it is treated as ordinary income, including any capital gains and dividends. Thus, a change in the way capital gains and dividends are taxed will not hurt the average person when it comes to their pensions and 401(k) plans.
While it is certainly upsetting to repeatedly hear this misrepresentation of the facts, it is even more disappointing to see no one calls out those misrepresenting the facts on this point.
Maryanne and Russ
Amen Maryanne O. I posted a similar sentiment in the show blog, but you put it even better.
And, the thing is, Maria is supposed to be a knowledgeable business reporter. False statements like Maria made make you think that she's just a pretty face.