Starbucks founder Howard Schultz says he and his family have moved to Florida as part of their retirement, a move announced just one day after Washington’s proposed millionaire tax cleared the state

Starbucks (NasdaqGS:SBUX) has rolled out a new tiered loyalty rewards program, adjusting how customers earn and redeem benefits. Former CEO Howard Schultz has relocated from Seattle to Miami, attracting attention to executive migration and tax considerations following Washington State's new wealth tax.

The former CEO and early backer of Starbucks has revealed that he will be departing from Washington in favor of Florida, hours after the state’s lawmakers advanced a tax bill targeting residents earning over $1 million a year.