Howard Schultz Relocates to Florida as Washington Considers Millionaire Tax

In Brief

Howard Schultz announced a move to Florida as Washington state considers a tax on high earners.

Key Facts

• Howard Schultz said he and his wife will move to Florida.
• Washington state is considering a roughly 10% annual tax on earnings over $1 million.
• Local lawmakers in Seattle are discussing the proposed millionaire tax.

What Happened

Howard Schultz stated that he and his wife will relocate to Florida while Washington state lawmakers discuss a proposed tax on annual earnings exceeding $1 million.

Why It Matters

The move highlights potential responses by high-profile residents to proposed state tax changes. The outcome of the tax proposal may influence decisions by other wealthy individuals. Based on a single source report

What's Next

Observers will watch for further developments in Washington's tax proposal and whether other high earners respond similarly. Lawmakers' decisions may impact local economic and residency patterns.