Former Starbucks CEO Howard Schultz leaves Seattle as local lawmakers mull millionaire tax

March 11, 2026

TL;DR

Howard Schultz, former Starbucks CEO, is relocating from Seattle to Miami, Florida.
His move occurs as Washington state considers a new tax on personal earnings over $1 million.
Schultz has not explicitly cited the tax as the reason for his move.
He cited retirement and family reasons for the relocation to Florida, a state without a personal income tax.
Washington's proposed wealth tax aims to fund services like free K-12 school meals.
Schultz purchased a $44 million penthouse in Surfside, Florida.

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