There's a lot confusing information out there about how the next president will tax the rich. But one chart boils it all down. It comes courtesy of the Tax Policy Institute and I've reproduced it below. It shows the average percentage change in after-tax income for various groups in 2009. The blue bar is Barack Obama and the red bar is John McCain.
Not surprisingly, Mr. Obama's plan helps those at the bottom of the wealth ladder while Mr. McCain's plan helps those at the top. What's most striking, however, is the divergence in incomes for the truly wealthy -- the top 1% and the top tenth of 1%.