How their tax plans compare

Individual income taxes

Would make permanent the Bush tax cuts and a top individual rate of 35%.

Would make Bush cuts permanent for the poor and middle class up to $250,000 a year.

Corporate taxes, capital gains and dividends

Would phase out the two highest corporate tax rate brackets, 35% and 34%, leaving only the 15% and 25% brackets.

Would keep corporate rates. Would raise capital gains and dividend rates to 20% for two highest income tax brackets.

Estate tax

Would raise the untaxed exemption from $3.5 million to $5 million in 2009 and reduce the estate tax rate on remaining wealth from 45% to 15%.

Would maintain the estate tax as mandated by Congress, with an untaxed exemption of $3.5 million and remaining wealth taxed at 45%.

Sources: Tax Policy Center and Obama and McCain campaigns