That is true, but lucky for me at the present time, my qualified dividend income is taxed at 0% just as my LTCG are taxed at 0%.
OTOH, I offset capital gains with harvested losses from the past, so one could say that with another $3,000 used to offset income, I can write that the $3,000 offsets non-qualified dividend income. Furthermore, if I get a foreign tax credit of say $1,000 a year, that would be like offsetting the tax on $1,000/0.15 or another $6,667 of non-qualified dividend income. Since my ratio of QDI: nonQDI is about 80:20, that means I can have more than $40,000 in dividend income before I pay taxes on it. And at 2% yield that's a $2,000,000 taxable portfolio.
And the above doesn't even include exemptions and deductions which I can say offset Roth conversions. Nor does it include return-of-capital which is tax-free and doesn't really show up on one's tax return.