Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
Schultz will be a resident of the Surf Club, Four Seasons Private Residences in Surfside -- a luxury oceanside development that debuted a decade ago.
He paid $44 million for a penthouse at the Four Seasons at the Surf Club, marking the latest billionaire to move to South Florida.
Washington state lawmakers had been debating a proposed “millionaire’s tax” for 23 hours straight when Starbucks Corp. founder Howard Schultz said he was leaving the state to move to Miami.
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