Obama’s tax plan skews the other way, aimed at strengthening benefits for lower-rung taxpayers and raising rates at the top. His plan would restore the Clinton-era rates for the two highest tax brackets to 36% and 39.6%

Obama would exempt seniors making less than $50,000 a year from paying any income tax. And he would make the Bush cuts permanent for poor and middle-class Americans, adding tax breaks such as a refundable credit for wage earners and a higher-education credit for students who agree to perform 100 hours of community service.

Under Obama’s plan, the highest corporate tax tier would hold at 35% — a nod to Wall Street but higher than McCain’s slashed rate. Obama would raise the highest rate on dividends and capital gains from 15% to 20%. And he would keep the estate tax in the same form approved by Congress for 2009, with an exemption for the first $3.5 million and a top tax rate of 45%. That would mean a higher tax rate on the wealthy than McCain would allow.

As for the onerous alternative minimum tax, both candidates would allow more than 23 million middle-class taxpayers to avoid it by extending a 2007 “patch” that raises the amount of income triggering the AMT. In 2007, the AMT was triggered at $44,350 for single taxpayers and $66,250 for those filing jointly. McCain would increase that income trigger each year by 5%, starting in 2013; Obama would index it for inflation to maintain the patch.
Conservative economists caution that Obama’s tax hikes on the wealthy and corporations would increase the drag on the sluggish economy. “It would lead to disincentives for savings and productivity,” said Alan D. Viard, a former senior economist at the Federal Reserve Bank of Dallas who is now a resident scholar at the conservative American Enterprise Institute. “Over time, it would mean less capital accumulated and would ultimately force wages lower.”

Now the voter has an overview of both candidates tax plans…please use the info to make an informed decision.