list of millionaires in georgia

What city in Georgia has the most millionaires? Given the number of major corporation headquarters, it should come as no surprise that CEOs have some of the highest average salaries. Marcus co-founded Home Depot and was the company's first CEO; he served as Chairman of the Board until retiring in 2002. In the Peach State, there are 211,662 millionaire households, for a ratio to total households of 5.44 percent, according to the Phoenix Marketing International report that tracks high net-worth households. Lifetime Giving: $7.5 billion (all of current net worth) And rents and mortgages are closing in on triple the national average, making D.C. one of the most expensive cities in the U.S. stocks You can download the data here. Texas is a place of extremes when it comes to taxes, too. No wonder Massachusetts has a cost of living 22% higher than the national average, according to C2ER. Marketing managers and financial managers tend to do well in SD. Indeed, Illinois is one of Kiplinger's top 10 least tax-friendly states. Here's a look at the millionaire rankings for all 50 states (plus the District of Columbia), based on the percentage of millionaire households in each. Within the state, you're most likely to find millionaires living in the Phoenix-Mesa-Scottsdale metro area. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. For residents of all means, the Land of Enchantment is somewhat tax-friendly, though it's a mixed bag for retirees. The greater D.C. area is a magnet for the highly educated seeking high-powered jobs. Regardless of wealth, Nebraskans can take comfort in a cost of living that's 10.5% lower than the national average, according to the BEA. 83. N.J.'s cost of living is 13.4% higher than the U.S. average, according to C2ER. Tiny Vermont has just 16,411 millionaire households, and the Green Mountain State is one of the tougher states when it comes to taxing millionaires. The top white 1% households have a median net worth of $8.3 . If you're a joint filer, you won't hit the top bracket until your income is over $318,000. And like Patch on Facebook!). Taxes aren't overly onerous, at least compared to many of its New England neighbors. Published 23 January 23. Indeed, Salina and Pittsburg, Kansas, are two of the cheapest small towns in America. 2. The Golden State is home to the most millionaires in the nation, at more than 1 million households, and claims four of the top 10 metro areas with the highest concentrations of millionaires. 11 Monthly Dividend Stocks and Funds for Reliable Income. Tennessee is known for country music, BBQ and bourbon more than an abundance of millionaires, but the state should get more recognition for its affordability. In Georgia, Atlanta is the only city home to any billionaires. Pros' Picks: The 15 Best Nasdaq Stocks You Can Buy. The Wealth & Affluent Monitor rankings used a combination of data, including information from the Survey of Consumer Finance, which allowed the reports authors to determine the general distribution of households by their level of investable assets. Torrington, the largest town in Litchfield County which has long been a popular retreat for Manhattan's wealthy and chic looking for a remote, mountainous getaway also has more than its fair share of the well-to-do. Harry Stine, the wealthiest person in Iowa with a net worth of $4.4 billion, made his fortune by licensing corn and soybean seeds to multinationals agribusiness companies such as Monsanto. Overall, the cost of living in the Last Frontier is 24.4% higher than the national average. The richest city in Georgia would be Braselton according to the most recent census data. But there are. Georgia is home to 13 billionaires, according to Forbes' 33rd annual ranking of the world's billionaires released Tuesday. A strong score on fiscal stability indicates the Beehive State is likely to be able to keep things average. Given the state's reputation for hoops NBA legend Larry Bird was known as the Hick from French Lick (Indiana) it should come as no surprise that athletes and sports competitors are among the best-paid professions there. As for taxes, millionaires could do better, but then, they could also do worse. Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP, CERTIFIED FINANCIAL PLANNER, CFP (with plaque design), and CFP (with flame design) in the U.S., which it authorizes use of by individuals who successfully . But for more modest incomes, the impact is far milder. Expenses in the Granite State run 6% above the U.S. average. Despite inflation and, as a consequence, lower purchasing power, the US dollar is the international selection criterion for millionaires. A total of 12 billionaires live in Atlanta with a combined net worth of $55.1 billion. Fortunately, you don't need to be a millionaire to live well. Yet outside of Los Alamos, the state's concentration of millionaires puts it in the bottom 10 in the U.S. 24 Dividend Cuts and Suspensions Chalked Up to the Coronavirus. Most central bankers supported a quarter-point rate hike at the most recent Fed meeting, but a few backed a half-point one. Property taxes are in line with the national average, but Florida's gas tax is the 10th-highest state tax on gasoline in the country. And median home prices are more than a third less expensive than the national level. There are 1.2 million households in the top 1% of net worth and over 96% are white (1,152,000). Nearly one-third of millionaires live in a zip code where home values are below the national median average. In a notable downside for retirees of all means: Missouri ranks 39th in the nation for senior health, according to America's Health Rankings (opens in new tab). Median home values also are below the national level. Real estate taxes are the fourth-highest in the country, and the state has not only a gift tax, but a luxury tax. Just for good measure, we're also providing important tax and cost-of-living information. Manhattan and Brooklyn are the first- and fourth-most expensive places to live in the country at a whopping 145.7% above the U.S. average. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Chuck Feeney. The Peace Garden State offers modest sales taxes that favor agriculture, and it has cut income taxes to the point that they barely exist. We aim to deliver bite-sized pieces of infotainment about where you live. Nike (NKE (opens in new tab)) founder Phil Knight is the state's richest person with a net worth of $38.6 billion. The second richest person in the world as listed is Bill Gates, with a fortune of $108 billion. And given the widespread public dissatisfaction with the media, this bill . This is the first time in history that the majority of members are millionaires. ETFs Other notables in the top 10 include Warren Buffett, Mark Zuckerberg and Charles Koch. Delaware, which was among the top 10 states for millionaires in 2017, slipped to No. And although home values have gone up 6% over the past year, Zillow predicts they will fall 0.9% within the next year. Statewide, the cost of living in Kansas is 10% cheaper than the national average, helped by much more affordable housing than what the average American pays. Manage Settings It turns out there are numerous states with higher percentages of well-off households, several of which probably will surprise you. Instead, its more that states like New Jersey, for example, pulled slightly ahead, Thompson said, noting that the top 10 states are so close in millionaires per capita that the order can change in any given year. But it's worth noting that the city of Wilmington taxes wages of everyone who lives or works there at 1.25%. Heres how it works. With its unparalleled collection of universities, hospitals, historical sites, and tech and biotech employers, Boston is a center of wealth, as well as one of the priciest cities in the U.S. On the smaller side of things, Barnstable Town and Vineyard Haven (Martha's Vineyard) have some of the highest concentrations of millionaires in the country. Great for Landscape Architects Lawn Care Service Industry -Millionaires spend hundreds of thousands per year And Thousands Of Other Uses! Naples is one of the more inviting high-end places in Florida and is one of the most popular homes of millionaires in the state. Farther south, the state capital of Trenton and its metro area that includes tony Princeton has plenty of millionaires, as well. Sales taxes with an average combined rate of 9.16% do take a bite, though. Of Atlanta residents with a minimum 10-figure net worth, Jim Kennedy is the wealthiest, worth an estimated $8.2 billion. All rights reserved. NY 10036. However, it remains to be seen what happens to their ranks amid an historic crash in oil prices. The unemployment rate tries to capture the prospects for more people to become rich. Taxes more than make up for higher prices, however. He's reportedly worth $12.6 billion. Disclosure: Dan does not trade stocks or other securities. Indiana jumped four places in the millionaire rankings year-over-year. 8 Safe High-Yield Dividend Stocks Offering 5% or More. Senate Rejects Secession Bill + Food Frenzy + Buckhead In Creed III, In-Home Elevator Danger + St. Cecilia: Georgias Best Italian Food, Loudermilk Estate Sells For $8.6 Million + The Atlanta Fair Sets Up, 4wk Salsa Dance Class Tuesdays / 4wk Bachata Class Wednesdays in Atlanta, Customer Service / Office Work / No Weekends, Lottery Application Opens For 2023-2024 Pre-Kindergarten, Buckhead Area Pets Who Need A Home: Meet Kitt, Hank & More. Here we list the world's most generous philanthropists (with their donations in dollars as they're mostly American) and the foundations they fund, just in case you want to get in touch. 1 Anne Cox Chambers $17 Billion View Profile 2 Jim Kennedy $8.2 Billion View Profile 3 Arthur Blank $7 Billion. His net worth is an astounding $110 billion. To see which cities are the wealthiest in Georgia for 2023, take a look at the list below. The tax picture for retirees is a little more mixed, however. 12 (tie). The average property tax on a $400,000 home in New York is about $7,246, which is the fourth-highest average in the country. Learn about careers at Cox Media Group. And don't forget that between living costs and taxes, a million dollars goes much further in some states than others. Architectural and engineering managers, CEOs and pharmacists have some of the highest average salaries in the state. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. Of Atlanta residents with a minimum 10-figure. Folks also save on utilities and groceries. The tax on gasoline also is one of the country's lowest. Georgia's tax brackets mean that many taxpayers will find themselves paying the top marginal rate, which kicks in at just $10,000 of taxable income for married couples filing jointly or $7,000 for individual filers. Private equity macher Jonathan Nelson is the top earner in the state with a net worth of $1.8 billion. His father, Cuffee Slocum, was a freed slave, and his mother was a Native American named Ruth Moses. By Karee Venema Breckenridge, Glenwood Springs and Boulder punch well above their weights in the millionaire rankings as well. For example, groceries alone cost 39% more in Juneau. Just 40 percent of the 140 million tax returns filed in 2009 represented married couples. When it comes to paying taxes, Nebraska is ranked as "least tax-friendly" by Kiplinger because the average property tax rate is quite high. There are Georgia cities on our richest cities list that do just that. When people think about Rhode Island and millionaires, Newport and its grand 19th century mansions naturally come to mind. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. By Express News Service. Kansas fell four spots in the Phoenix Wealth and Affluent Monitor millionaire rankings this year. It added a new top income tax rate of 9.85% in 2013. Indeed, small towns such as Dickinson and Williston, located in the oil-rich Bakken Formation, have some of the highest concentrations of millionaires in the U.S. That makes it easier for everyone along the wage scale to put a roof over their heads. And property taxes, particularly in Detroit, are steep. There are about 22 million millionaires in the U.S. 8.8 % of U.S. adults are millionaires. $8.1 B. But not all of New Jersey's millionaires are clustered near the Big Apple. There are nearly 22 million people in the U.S. with enough assets to fit the definition, according to a 2021 study by Credit Suisse. Florida is well-known for its absence of a state income tax, which helps put it into Kiplinger's top 10 most tax-friendly states. And major state and local taxes are above average, which can add up to a sucker punch for your wallet. Thats a lot of Georgia cheddar, folks.Secondly, you have to be a hard worker. The feds have arrested two people they say bilked government medical assistance and the nation's opioid crisis for millions through shoddy services and fraudulent billing at their chain of addiction treatment centers in Massachusetts and Rhode Island. While In Atlanta, they met Mercedes Millionaire who loved their show so much she actually became part of the . When it comes to paying taxes, the situation for Kentucky residents is mixed. ATLANTA, GA America had 534,000 more millionaires in 2018 than it did in the year prior, according to a new report provided to Patch, and New Jersey has nudged out Maryland as the state with the most millionaires per capita for the first time in seven years. Chris Hogan, radio host and author of the book "Everyday. The heir to the Dexter Shoe Company has a net worth of $1.5 billion. However, as Chart 2 illustrates, the vast majority of millionaire tax returns (86 percent) were . With more than 28,000 millionaire households out of 420,830, Rhode Island has a merely in-line concentration of millionaires. And income tax is particularly complicated in Arkansas. Check out this list of the 10 richest cities in Georgia: 1) Berkeley Lake, GA. wikipedia. How does one get their hand on one of these Georgia cities where living your best life is very expensive? The Best AI Stocks to Buy for 2021 and Beyond. Might we suggest a job in healthcare in our number one richest city? The reports authors also said that since the financial crisis, the number of millionaires in the United States has increased by more than 2 million. On the other hand, the ratio of median income to median home values is very favorable. Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. He is an American businessman as well as philanthropist. Illinois has a higher concentration of millionaires than the national average, and a million bucks goes a bit farther in the Prairie State than it does in much of the rest of the country. RDB is a traveling Fashion Show. Although property and sales taxes are unexceptional, the District of Columbia takes a huge bite of income. Seattle, which is one of America's fastest-growing cities, also is one of the most expensive. Oral and maxillofacial surgeons make an average of $280,940. Approximately 13.5 million individuals in the U.S. are millionaires; Financial projections show that there are 1700 new U.S. millionaires every day; Recommended Usage. Sign up for free Patch newsletters and alerts. The average millionaire has a wealth of approximately 821.7% of the median wealth of an American household. About the only bright spot in Connecticut's tax picture is that localities can't add to the Constitution State's 6.35% sales tax. Investable assets include education/custodial accounts, individually owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities and cash value life insurance policies. It should come as no surprise that a tropical paradise would be a magnet for millionaires. Although sales taxes in Vermont are modest, it's an expensive place to own a home (as well as heat it). Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. New Jersey's property taxes are the highest in America. Montana's cost of living is 6.7% lower than the national average. Although the Grand Canyon State does have an income tax, the rates are notably low. New Hampshire's high concentration of millionaires hinges on Concord and Laconia. Physicians, CEOs and nurse anesthetists are among the state's best-paid jobs. Paul Cuffee grew up in Massachusetts as the youngest of 10 children. "With a. There's no sales tax in the Granite State, either. Maine is one of Kiplinger's least tax-friendly states, Nevada is one of Kiplinger's most tax-friendly states, Kiplinger's top 10 most tax-friendly states. Despite a heavy corporate presence, Delaware's cost of living is just 1.8% above the U.S. average. In an extreme example, Tupelo is one of the 10 cheapest cities in the U.S. Mississippians also enjoy some of the lowest property taxes in the nation, and its income tax levy, already fairly low, continues to shrink. 4. Property taxes are the second-lowest in the country, and all homeowners age 65 or older are exempt from state property taxes. Arkansas might not be bristling with millionaires, but it has the lowest living cost in the U.S., at 14.7% less than the national average. Detailed List Of Highest Paying Jobs In Georgia. Larry Ellison, founder of Oracle (ORCL (opens in new tab)), is the state's richest person with a net worth of $66.7 billion. SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, Stock Market Today: Stocks End Mixed After Fed Minutes, Stock Market Today: Dow Dives 697 Points After Home Depot Revenue Miss, Stock Market Today: Stocks Close Mostly Lower Amid Rate-Hike Worries, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, according to the U.S. Bureau of Economic Analysis. Partly that's because Rhode Island is expensive for homeowners. A dollar tends to go father in Big Sky Country, too. Here are the facts: Nearly 8 out of 10 (79%) millionaires received no inheritance at all. The explosion in shale oil drilling has minted many a millionaire in North Dakota over the past decade. There's no income tax at all. They also benefit from property taxes that are among the lowest in the country, which helps make Louisiana one of the more tax-friendly states. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 . Significantly cheaper average home prices drive Georgia's affordability. Randall Rollins, the chairman of Rollins pest control, had a net worth listed as $3.6 billion. The centrality of the oil industry to Alaska's economy helps make petroleum engineers and chemical engineers some of the best-paid professionals in the state. The cost of living in the Aloha State is 23.3% higher than the national average. It's one of five states without a general sales tax, and it has relatively low property taxes. A good deal of Montana's wealth stems from its abundance of natural resources. He is the grandson of former Ohio Governor and presidential candidate James M. Cox, who founded the company in1898. Although living costs are low, Indiana isn't a great state for taxes, whether you're working or retired. Los Alamos, New Mexico best known for the world-famous Los Alamos National Laboratory seems like an unlikely place to find a lot of millionaires. In the Portland metro area the state's most populous region costs are 15% above the national average. Now, its not lost on us that there are multiple cities on our ten best cities to live in Georgia for 2023 that are also on our richest list. Phoenix Marketing International said the estimates were further refined with age and income distributions provided by Claritas, a Nielsen-owned company that collects demographic, lifestyle and behavioral data for marketing companies. And then there are all the folks in the 10-figures club. The second richest person in the world as listed is Bill Gates, with a fortune of $108 billion. 1. Tourism is under pressure from the coronavirus lockdown, while the petroleum industry has been hit by the crash in oil prices. The small town of Edwards, for example, is bristling with millionaires thanks to nearby world-class ski resorts such as Vail and Beaver Creek. Phoenix MI is tracking the effects of the coronavirus pandemic, which could make for a very different landscape going forward. Folorunsho Alakija: $1.1 billion Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company. Sales taxes are reasonable, too. If you need proof that the house always wins, just take a look at Nevada. By Jeff Reeves JOHNS CREEK, GA With a median household income of $151,773, 24/7 Wall St. has named Johns Creek as the richest city in Georgia. The Centennial State has a flat tax: If you have federal taxable income, the rate is 4.63%. Ernest Garcia II, who made his fortune in used cars and auto loans, tops the list with a net worth of $6.6 billion. Wyoming has the smallest population of any state, but it punches above its weight when it comes to millionaires, thanks to abundant natural resources and recreational activities. 11 Best Tech Stocks for the New Coronavirus Norm. Athletes and sports competitors, surgeons and CEOs are among the state's best-paid residents. But there are some locals who made the list. As much as Seattle is associated with Washington State, millionaires also can be found outside the Emerald City that Bezos and Gates call home. But if you're a retiree, Georgia's taxes aren't nearly so onerous. Anne Cox Chambers Wealth $17.1 billion imgkid.com Anne is the surviving daughter of Cox Enterprises founder James M. Cox. In 2010, after dozens of major companies failed and America landed in one of the worst recessions in its history, Georgia had 156,94 millionaire households, for a ratio to total households of 4.31 percent. Although the District of Columbia is a magnet for the highly educated seeking high-powered jobs, the downside is that you need a hefty paycheck to live there. And as any East Coast traveler can tell you, New Jersey is no longer a place where you can hop off an exit and buy cheap gas. Note: Data is from the 2015 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. 1 That's rightthe vast majority of millionaires never received a penny from their parents and are first-generation millionaires who come from middle class or lower-middle class families. He is chairman, president, and CEO of Chick-fil-A. Live Music - Dead Broke Millionaires is happening on Friday, Mar 10, 2023 at 9:00pm at the venue Wild Wing Cafe in Dawsonville, GA While the Hoosier State exempts Social Security benefits and offers limited exemptions for military pensions and federal civil-service pensions, IRAs, 401(k) plans and private pensions are fully taxable. The tax rate for 2018 was 5.49%; in 2019 it dropped to 5.25%. As of March 2019, here are the world's 13 black billionaires. 16 this year. California boasts numerous metro areas including Napa, San Francisco, San Jose and Oxnard that are loaded with wealth. Here are the 10 richest places in Georgia for 2023: Braselton Temple Tyrone Flowery Branch Dunwoody Johns Creek Bremen Woodstock Milton Peachtree City How does one get their hand on one of these Georgia cities where living your best life is very expensive? The state's wealthiest resident is Citadel hedge-fund honcho Ken Griffin. The bad news is that the top income rate of 6.9% kicks in at just $17,900 of taxable income, and Montana taxes virtually all forms of retirement income, including Social Security. If more people are employed, the richer the future looks. North Carolina's tax situation is just so-so. Part of Arizona's appeal to the wealthy and retirees is that, like Florida, it's one of Kiplinger's most tax-friendly states. An inheritance tax adds to the state's overall tax burden. Unemployment rates and poverty rates in these Georgia cities barely scratches 4.5%. Property taxes in Illinois are high, as are sales taxes. Psychiatrists, dentists and CEOs are among the folks earning the highest salaries. More than a quarter-million of Ohio's 4.7 million households have investable assets of at least $1 million. For the record, Maine's richest resident is Susan Alfond, according to Forbes. Like we said earlier, when we set out to identify the richest places in Georgia, we werent sure what wed encounter, but it ended up being some of the best places to live in Georgia. 2023 Cox Media Group. In the Los Angeles-Long Beach-Anaheim metro, more than 360,000 households have at least $1 million in investable assets. South Dakota is one of the most tax-friendly states on the whole. RSA LIST SERVICES CORP. has the largest Investor & Millionaires Email List available on the market, we have a database of over 7 Million. Mikheil Lomtadze is a new addition to the list of the world's wealthiest people. Georgia is the thirty-third-richest (33rd) state in the United States of America, with a median household income of US$46,007 (2011). Besides the obvious: high paying jobs, safe cities and neighborhoods, gold star schools, and high-end amenities, we know that the one percent like to be catered to on a different level. Generally speaking, it's a pricey place to live if you're wealthy. 15 Dividend Kings for Decades of Dividend Growth. Property tax rates in South Carolina are low too. On average, the cost of living in Texas is 8.5% lower than the U.S. average, according to C2ER. North Dakota is one of the nation's tax-friendliest states. We and our partners use cookies to Store and/or access information on a device. The ranking includes 2,153 people who have a combined wealth of $8.7. Taxes in Kansas aren't kind to retirees either. North Carolina's tax situation is just so-so. The cost of living in Kalamazoo is 21.6% below the U.S. average. That puts the state's concentration of millionaires not far off from the national percentage of 6.71%, even as the cost of living in the Keystone State is 2.5% lower than the U.S. average. "The allegations set forth in this case represent one of the most brazen and The vast expanse of the Gem State claims only about 655,000 households, of which fewer than 34,000 can be considered millionaires. In Georgia, Atlanta is the only city home to any billionaires. Millionaires and other residents deal with some annoyingly high taxes, however. Its proximity to the Gulf of Mexico makes it a popular tourist destination, and visitors are welcomed with great shopping, restaurant, and sports options. A millionaire in the United States has 821% percent of the median American wealth. To see which cities are the wealthiest in Georgia for 2023, take a look at the list below. New to the top 10 this year was the District of Columbia, which rose nine places to No. Income is close to national levels, but house prices are well below. (The highest payment ever was $2,072 in 2015.). A total of 12 billionaires live in Atlanta with a combined net worth of $55.1 billion. Wealthy and notable Jekyll residents included the Crane family, the Pulitzers, Morgans, Vanderbilts, Rockefellers, and Goodyear clan to name but a few. Hawaii exempts Social Security benefits as well as most pension income from state income taxes. ATLANTA, GA America had 534,000 more millionaires in 2018 than it did in the year prior, according to a new report provided to Patch, and New Jersey has nudged out Maryland as the state with. Cusseta-Chattahoochee County Unified Government, Athens-Clarke County Unified Government (Balance). Tiny Easton, Maryland, on the Eastern Shore of Chesapeake Bay, punches well above its weight when it comes to millionaire households, too. Anesthesiologists, psychiatrists and other medical specialties are among the state's best-paid jobs. 11 Small-Cap Stocks Analysts Love the Most. The top tax bracket is an eye-popping 11%. 76% of millionaires in the U.S. are white, and white people account for 60% of the total U.S. population. But more than 1 in 20 households have at least $1 million in investable assets. The Keystone State has the second-highest state gas tax in the nation and the sixth-highest state and local cellphone wireless service taxes. Both median income and home value are well above national averages in Colorado, as is the cost of living, albeit only by 1.9%. Alabama is another state where you don't need a million bucks to live well. Largely rural and remote, expenses in the Pine Tree State run about 10% above the national average, according to the Council for Community and Economic Research (C2ER). Property taxes are low in the Natural State, but sales taxes are tied with Tennessee for highest in the country. Mikheil Lomtadze is a new addition to the list of the world's wealthiest people. At the same time, median and average home prices are well below national levels. Largely rural and remote, Vermont is a comparatively expensive state in which to live in other ways, too. The cost of living in Nevada is 2.5% below the national average, according to the BEA, and residents can catch a break on taxes. According to Forbes Magazine,Bubba serves as Chick-fil-A's executive vice president and is president of the company's Georgia-based Dwarf House and Truett's Grill.

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