The $15 million proposal amounts to a $5.7 million tax cut to the wealthiest Americans, according to the Center on Budget and Policy Priorities, a nonpartisan research and policy institute.

Flaherty & Collins proposal Flaherty & Collins proposed a two-stage development. The first phase would include a 150-foot-tall, 12-story mixed-use high-rise with 220 luxury apartments, 9,000 ...

The Tarin Woods expansion has prompted a strong reaction from nearby residents. An online petition has garnered over 700 signatures, urging commissioners to reject the proposal.

It’s one baby step from getting rid of the tax altogether. The proposal matters most to the ultrarich middle-class subcategory — those with estates worth between $7 million and $15 million.