Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill.
Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer.
Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards.
By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.
Rich, who wrote songs recorded by Aretha Franklin, Mary J. Blige and Jessica Simpson, is the latest bold-faced name to join a wave of wealthy people renouncing their American citizenship. Facebook co-founder Eduardo Saverin gave up his U.S. passport to become a citizen of Singapore, an offshore tax haven, before the company's initial public offering in May.
http://finance.yahoo.com/news/socialite-denise-rich-dumps-u-s--passport.html
LOL
Liberals hate paying Obama taxes, they will do anything to avoid them.
You might remember Denise Rich. She spent so much time at the White House during the Clinton Administration she was practically a furnishing. Oh, and you might also recall then-Assistant AG Eric Holder giving her fugitive ex-husband a last-minute pardon.
Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer.
Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards.
By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.
Rich, who wrote songs recorded by Aretha Franklin, Mary J. Blige and Jessica Simpson, is the latest bold-faced name to join a wave of wealthy people renouncing their American citizenship. Facebook co-founder Eduardo Saverin gave up his U.S. passport to become a citizen of Singapore, an offshore tax haven, before the company's initial public offering in May.
http://finance.yahoo.com/news/socialite-denise-rich-dumps-u-s--passport.html
LOL
Liberals hate paying Obama taxes, they will do anything to avoid them.
You might remember Denise Rich. She spent so much time at the White House during the Clinton Administration she was practically a furnishing. Oh, and you might also recall then-Assistant AG Eric Holder giving her fugitive ex-husband a last-minute pardon.
