Ex-Starbucks CEO Howard Schultz ditches Seattle for Miami as Dems move to impose ‘millionaires’ tax’
Former Starbucks owner and CEO Howard Schultz says he is leaving Seattle for Miami after 44 years in the java giant’s home state of Washington — as Dems there have been pushing for a so-called “millionaires’ tax.”
He has paid about $44 million for a 5,500-square-foot penthouse at the Surf Club, Four Seasons Private Residences in Surfside, Fla., the Wall Street Journal reported.
The move comes as Washington lawmakers are moving ahead with a plan to impose a 9.9% tax on household income over $1 million starting in 2029. The measure was headed for the state Senate this week after passing the House on Tuesday.
Schultz — who once mulled running for president as an independent — made no mention of the proposed tax in a LinkedIn post announcing his move, though he nodded to the overall business climate.
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