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Concern for seniors?

 

Re Lew Hay’s Oct.19 letter, Don’t raise taxes on investments: If the Bush tax cuts sunset on Dec.31, there wouldn’t be any affect on the average Florida senior. Although it’s true that the top rate on dividends would increase to 43.4 percent, this would only apply to individuals with a taxable income of more than $370,000.

It’s also true that the top capital-gains tax rate will go up to 23.8 percent, which is still a historically low rate that wouldn’t discourage investment.

Hay also implies that dividend-paying stocks would fall in price because they would have less value, as a result of the higher tax. The stock market is a discounting mechanism, and the Obama plan to let the Bush tax rates sunset for individuals with income above $250,000 is old news. In fact, the Dow Jones Dividend Index, is trading at less than one dollar below its 52-week high, and the same is true for NextEra Energy. How does he explain that?

Barry Rabinowitz, Plantation

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    There was a serious case of selective reporting in the May 12 article, K12 Inc. struggled to comply with law. Writing about a complaint filed against online learning provider K12 Inc. by a school district, reporters selectively pulled quotes from a lengthy recorded meeting among K12 educators. Yet they excluded from the article the most significant and illuminating passages where K12 supervisors clearly instruct teachers to follow all state laws and direct that “no teacher should fill out anything that isn’t correct.”

Miami Herald

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