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(Reuters) - 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.
Socialite Denise Rich Dumps U.S. Passport
(Reuters) - 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
Socialite Denise Rich Dumps U.S. Passport
(Reuters) - 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.
Socialite Denise Rich Dumps U.S. Passport - Yahoo! Finance
It looks like another defecting, I thought Democrats only did this if a Republican won.
Socialite Denise Rich Dumps U.S. Passport
(Reuters) - 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.
Socialite Denise Rich Dumps U.S. Passport - Yahoo! Finance
Billionaires/multi-millionaires taking their money out of the country, out of U.S. banks makes every average joe's mortgage interest rate, car loan rate and home equity rate go up.
Banking 101
She's not the first nor will she be the last.
Once the rich are gone that leave the OL'Middle Class to carry the load.
The poor pay for nothing now and certainly won't be paying for anything in the future.
We Better hang onto our wallets folks because Uncle Sam will be headed our way.
Another? Who else has done this?
She's not the first nor will she be the last.
Once the rich are gone that leave the OL'Middle Class to carry the load.
The poor pay for nothing now and certainly won't be paying for anything in the future.
We Better hang onto our wallets folks because Uncle Sam will be headed our way.
I'll only pull that cart so long before I start removing passengers either with the help of the govt or with the help of my fellow cart pullers who feel the load is the passengers responsibilty, not ours.
Another? Who else has done this?
Facebook owner renounced and went to Singapore following the companies IPO, as one other example.
Socialite Denise Rich Dumps U.S. Passport
(Reuters) - 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
It looks like another defecting, I thought Democrats only did this if a Republican won.
Socialite Denise Rich Dumps U.S. Passport
Socialite Denise Rich Dumps U.S. Passport - Yahoo! Finance
It looks like another defecting, I thought Democrats only did this if a Republican won.
I read the article. Nowhere in it did I see anything about her political affiliations. What makes you think she was a democrat?
Another? Who else has done this?
Facebook owner renounced and went to Singapore following the companies IPO, as one other example.
Oh you mean Eduardo Saverin? He didn't get out of paying anything though. He still had to pay taxes on everything he earned while he was a resident of the country. Same as this woman will I'm sure.
