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Howard Schultz is moving from Seattle to Miami for retirement, amid Washington’s new high-income tax, though he didn’t cite it directly.
Howard Schultz, former Starbucks CEO, is relocating from Seattle to Miami, citing a desire to be closer to family during retirement.
The move coincides with Washington state’s push for a 9.9% income tax on earnings over $1 million, though Schultz did not directly link the decision to the tax.
He plans to keep the Schultz Family Foundation in Seattle while moving his private office to Florida, where he recently bought a $44 million penthouse.
Starbucks will maintain its headquarters in Seattle, but is opening a new corporate office in Nashville, signaling broader operational shifts.
The developments have reignited debate over high taxes and their impact on wealthy residents and business retention.
Howard Schultz se está mudando de Seattle a Miami para su jubilación, en medio del nuevo impuesto a los altos ingresos de Washington, aunque no lo mencionó directamente.