Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.

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.

He paid $44 million for a penthouse at the Four Seasons at the Surf Club, marking the latest billionaire to move to South Florida.

Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million. As families work to rebuild their lives after tornadoes touched down in the Chicago area and northwest Indiana on Tuesday,