If all the planets align...sure.
Back in the real world, odds are other ratings run out long before you hit the max tow rating.
Problem is the "tow rating" is mostly about if there is enough grunt to get the trailer moving.
More often with 1/2ton trucks, the hitch weight and other cargo in the truck push you over payload or rear axle ratings such that in practical terms, you can't tow the maximum.
1/2ton truck payload ratings can run from under 1300lb to over 2500lb...at the upper end, you can likely stay within the ratings. At the lower end, a well fed American family may result in not enough payload to pull a small utility trailer.