I think you need to re-read what I wrote. You are correct that your personal rate is similar for dividends vs capital gains. But you are iggiring the bigger pi

I think you need to re-read what I wrote. You are correct that your personal rate is similar for dividends vs capital gains. But you are iggiring the bigger picture that dividends money had to be taxed on the corporate side before it was given to you. Capital gains that are propped up by huge cash stores in overseas tax free accounts are not.