Starbucks founder Howard Schultz announced that he and his family are leaving Seattle and relocating to Florida the same day Washington state lawmakers approved a new tax on high-income earners.
Schultz shared the news in a LinkedIn post, saying he and his wife Sheri have entered the retirement phase of their lives after more than four decades in Seattle.
“Last year we traveled to dozens of places around the world — places we were too busy to see when building Starbucks and raising kids,” Schultz wrote.
“And we have moved to Miami for our next adventure together.”
Seattle radio station KVI reported that the announcement came hours after Washington House Democrats approved Senate Bill 6346 following a marathon floor debate that stretched more than 24 hours.
The legislation imposes a 9.9% tax on annual income above $1 million, a policy supporters describe as a millionaire’s tax.
View More: https://www.newsmax.com/us/howard-shultz-starbucks-move/2026/03/11/id/1249145/
