Howard Schultz departs Seattle amid discussions on millionaire tax

Former Starbucks CEO Howard Schultz announced on LinkedIn that he and his wife are relocating from Seattle to Florida after over 40 years in the city. This decision comes amid Washington state lawmakers advancing a millionaire tax that would impose a nearly 10% annual tax on personal earnings exceeding $1 million, though Schultz did not directly reference the tax in his post. He expressed hope that Washington remains a supportive environment for business and entrepreneurship. Schultz, whose net worth is estimated at $6.6 billion, is moving to Miami, a state without personal income tax, and has purchased a penthouse there.

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