Capital Flight or Retirement? Schultz Leaves Seattle

Howard Schultz, 72, relocates from Seattle to Miami after 40 years.
Schultz buys $44M Surfside, Florida penthouse.
Washington State passes 9.9% tax on households over $1M.
Tax aims to fund education, childcare, and family credits.
Schultz calls move a 'retirement phase'; critics call it 'capital flight'.

Business | Tax | Relocation

United States

Bob Ferguson | Howard Schultz

4 weeks ago