One obvious big factor in deciding which Presidential candidate to vote for is their tax policies, i.e., how will they affect my income.  The following is what I gathered from a tax newsletter that I subscribe to:

John McCain
• Repeal AMT for individuals but not businesses (corporations).
• Double the personal exemptions from $3,500 per person to $7,000.
• Raise the estate tax exemption to $5 Million and cut the estate tax to 15%, but not repeal the estate tax.
• Would permit portability of estate tax exemption for spouses (same as Obama). This would allow each spouse to make full use of his or her estate tax exemption and effectively double McCain’s estate tax exemption to $10 Million for married couples. This is a change from current law in that today if one spouse dies without using his or her full exemption, anything not used is effectively wasted.
• Maintain current tax rates (maximum 35%).
• Maintain 15% rate for long-term capital gains and many dividends.
• Would reduce top corporate tax rate to 25%. It is currently about 39% for some corporate (C corporation) taxpayers.
• Maintain current Section 179 amounts for expensing.
• Raising taxes by Congress would require a 3/5 majority vote.

Barrack Obama
• Payroll tax credit of $500 per person or $1,000 per family to offset some payroll taxes.
• Reform the AMT to eliminate it from the middle class.
• Child and Dependent care credits, along with the savers credit, would increase.
• Would raise the estate tax exemption to $3.5 Million and lower the top tax rate to 45%.
• Would permit portability of estate tax exemption for spouses (same as McCain). This would allow each spouse to make full use of his or her estate tax exemption and effectively double Obama’s estate tax exemption to $7 Million for married couples.
• Would reduce the top corporate tax bracket to 30.5%.
• The top income tax bracket would go to 39.6%, a 4.6% increase and would apply to those who make $350K per year or more. All prior tax cuts under the Bush Administration would remain for those making $250K per year or less.
• An overhaul of the college tax savings and using a $4,000 tax credit per year per student to assist with educational costs. This would be a large tax savings to families with college students over the current law.
• The 15% long-term capital gains tax would increase to 20%.
• Taxes on dividends would be taxed as ordinary income and would lose its favorable current tax status.
• Would end the cap on the number of hybrid vehicles which qualify for favorable tax savings.
• Would help small businesses by offering a 20% tax credit (for investments up to $50K) for investments made to small businesses.
• 0% capital gains rates for start-up businesses to encourage investments in small businesses.

I've highlighted important distinctions (to me at least) between the two. 

What do people think?  Anything inaccurate?