Obama and McCain on taxes

CNN Money has a feature comparing the plans of Obama and McCain on a variety of topics.

Since the Republicans just luuuuuuuuuuuuuv to make their claim that Obama wants to raise taxes, here's what CNN has to say about Obama's plan:

• Leave all tax cuts in place for everyone except couples making more than $250,000 and single filers making more than $200,000. Those high-income groups would see their top two income tax rates revert to 36% and 39.6% from 33% and 35% respectively.
• Introduce new tax breaks for lower and middle-income households.
• Raise capital gains and dividend tax rates to 20% from 15% for couples making more than $250,000 and singles making more than $200,000.
• Tax carried interest as ordinary income rather than as an investment gain, thereby subjecting it to much higher tax rates than 15%. (Guess who this primarly impacts? Hedge fund managers!)
• Freeze the exemption amount of estates free from the estate tax at $3.5 million -- where it will be in 2009.
• Freeze top estate tax rate at 45%.

So... are you worried that Obama's going to raise your taxes?

You can check out the tax pages here and here; the full list of topics here. Take a look and compare their ideas on which direction America should go.