No. 1: Austin, TX
Population Growth: 3.8%
Unemployment Rate: 6.2%
Median Income: $31,170
Median Rent: $968
WASHINGTON (WUSA) -- The White House is looking to overhaul the corporate tax system.
The Obama administration is expected to announce on Wednesday plans to lower the top tax rate to 28% from 35%. But it would nix dozens of deductions, in effect raising even more tax revenue.
The nation's top tax rate is the second highest in the world -- behind Japan -- but few companies pay that rate because they take advantage of so many tax breaks.