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.
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.