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Showing Original Post only (View all)Wealthy socialite and top Democratic donor Denise Rich denounces her U.S. citizenship - saving her t [View all]
Wealthy socialite and top Democratic donor Denise Rich denounces her U.S. citizenship - saving her tens of millions of dollars in taxes
Songwriter also has Austrian citizenship through her late father
Former husband Marc Rich fled the country when indicted on charges of tax evasion - but was pardoned by President Clinton in 2001
House of Representatives committee later found Denise Rich had swayed the decision through donations to Clinton campaign
Comes as the latest wealthy American to denounce citizenship
PUBLISHED: 09:43 EST, 9 July 2012 | UPDATED: 11:06 EST, 9 July 2012
By Reuters Reporter
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, top Democratic donor and glamorous figure in 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.
Wealthy: Denise Rich, a songwriter who was married to pardoned billionaire trader Marc Rich, has denounced her American citizenship and will save millions in U.S. tax bills
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.
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Marc Rich received a presidential pardon in 2001 on President Bill Clinton's last day in office.
Federal prosecutors and Congress investigated the pardon, and in 2002 a House of Representatives committee concluded Denise Rich had swayed the action through donations to the Clinton library and campaign. Dubbed "Lady Gatsby" by Yachting magazine, Rich owns multiple properties, including a mansion in Aspen, Colorado.
She is a frequent habitue of Cannes, Monte Carlo and St. Tropez with celebrities and singers aboard her 157-foot yacht, Lady Joy.
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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.
Nearly 1,800 citizens and permanent residents, a record since data was first compiled in 1998, expatriated last year, according to government figures.
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Read more: http://www.dailymail.co.uk/news/article-2170969/Wealthy-socialite-Denise-Rich-denounces-U-S-citizenship--saving-tens-millions-dollars-taxes.html
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AnotherMcIntosh (2,231 posts)
Is this the same Denise Rich with a husband who obtained a pardon with the assistance of Holder?
I wonder what motivated Holder to help her husband?
Why yes, yes it is!
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Wealthy socialite and top Democratic donor Denise Rich denounces her U.S. citizenship - saving her t [View all]
Huey P. Long
Jul 2012
OP
Top Donor/Receives presidential pardon...Gosh. You think there might be a connection?
Tierra_y_Libertad
Jul 2012
#1
Our HERO Holder helped them too! Its all one big club, and we're not in it!
Huey P. Long
Jul 2012
#2
This guy above will twist and turn ANY way to excuse these people, won't he?
Huey P. Long
Jul 2012
#6
Canadian?! WTF is a Canadian doing groveling and back bending for US authority for?
Huey P. Long
Jul 2012
#69
Well, I think we have our difinitive answer in any event. Turns out he's a carpetbagger.
Huey P. Long
Jul 2012
#161
If those tens of millions were the taxable 15% of investments? Or 35% on income from residuals?
haele
Jul 2012
#29
If she owes that much in taxes, her income must be fucking astronomical --
MotherPetrie
Jul 2012
#80
A person would if money was more important to them than it or their life here
CreekDog
Jul 2012
#130
Why bring Holder into this? Rich's pardon happened on Clinton's watch. There are lots...
Tarheel_Dem
Jul 2012
#10
Maybe because Holder advocated for Marc? Or do you want us to bury our heads again?
Huey P. Long
Jul 2012
#12
A lot of us advocated/voted for these guys too. Now they're disgraced. What does that make us?
Tarheel_Dem
Jul 2012
#27
Where did I ask you to "bury it"? I merely asked what's the relevance? I know your main purpose...
Tarheel_Dem
Jul 2012
#30
I'm a defender of the Democratic Party when its under attack from outside enemy forces, no....
Tarheel_Dem
Jul 2012
#33
Again you've mistaken me for someone who actually cares what you do. "grovel", "beg"?
Tarheel_Dem
Jul 2012
#47
Oh, I'm definitely a Democrat, just not the "Green/Justice Party/Americans Elect" variety.
Tarheel_Dem
Jul 2012
#56
Dead at 42! What's your point? I don't have the power to "run you off", or we wouldn't be having..
Tarheel_Dem
Jul 2012
#63
So you only listen to the living, I see. You must be the historical dunce.
Huey P. Long
Jul 2012
#68
Why thank you. More insults from the so-called "liberal" internet intelligencia. Huge braintrust.
Tarheel_Dem
Jul 2012
#119
of course the opposite of liberal intelligencia would be conservative dumbshit..
frylock
Jul 2012
#128
Ahhhh, with a dash of smug. That's been such a winning formula for the Intelligencia!
Tarheel_Dem
Jul 2012
#136
1+ & I'm as Left as almost any of them. Just differ on how to get from where we *A*R*E* to where
patrice
Jul 2012
#77
Thanks patrice. Seeing how I've just been summarily dismissed as "a dunce" & a "classical.....
Tarheel_Dem
Jul 2012
#82
I agree with them on principles and high-order goals. What I don't understand is where they expect
patrice
Jul 2012
#86
I am reading your nonsense and even I am surprised by the complete lack of
Huey P. Long
Jul 2012
#95
Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting
Huey P. Long
Jul 2012
#97
Oh Lord, please spare me the worn out Occupy talking points. The revolution ain't happening!
Tarheel_Dem
Jul 2012
#43
Don't worry, it's coming, already started in Iceland and now France. Spain too, and
sabrina 1
Jul 2012
#127
How close are you to the/an Occupy? Though I like your point about the Democratic party above,
patrice
Jul 2012
#79
It depends on what you mean by renewal. Constant bickering and infighting is not my idea of....
Tarheel_Dem
Jul 2012
#85
I agree strongly, because it is my experience that Liberals don't count coup on one another, especia
patrice
Jul 2012
#91
You have no concept of the long game. No suprise, even though your handlers are playing you
Huey P. Long
Jul 2012
#125
Just wanted you to know: Your standing up to this group is MUCH appreciated by me, and other lurkers
Romulox
Jul 2012
#101
When we drive all the "elite" from our shores, the country will look like...
cherokeeprogressive
Jul 2012
#78
You go on celebrating the "elite" and their contribution to larger society...
cherokeeprogressive
Jul 2012
#88
Sell it to the Greens! I'm a Democrat. Did I not make that clear? You can take your....
Tarheel_Dem
Jul 2012
#103
That seems to suggest that there are unasked questions about why Hillary voted in favor of
patrice
Jul 2012
#81
That was only part of it. Rich was a named figure in IranContra and BCCI - That pardon served
blm
Jul 2012
#163
Neither as AG, nor Asst AG can Eric Holder "pardon" anyone. That's a presidential prerogative.
Tarheel_Dem
Jul 2012
#22
"...aboard her 157-foot yacht, Lady joy. Needs to dodge taxes to pay for the upkeep of her yacht.
SammyWinstonJack
Jul 2012
#16
That will not be happening. No, quite the opposite in fact. Corporate control.
Huey P. Long
Jul 2012
#23
Elitist scumbag was married to corporate tax cheat, pardoned and protected by 'Dems.'
Huey P. Long
Jul 2012
#26
Worse yet, she starts by paying the 30% Exit tax. "To save taxes," is pure Rightist bullshit.
ieoeja
Jul 2012
#37
+1. unfortunately, the same leeches have made imposition of such penalties more and more
HiPointDem
Jul 2012
#54
Agreed, but I think this is qualifies as major corruption. These parasites have been protected
Egalitarian Thug
Jul 2012
#94
she's an ugly person, despite the obvious work she's had done and the fake tan.
HiPointDem
Jul 2012
#53
plus wearing dead animals shows her lack of compassion which makes her even uglier. nt
Raine
Jul 2012
#74
I really don't blame these uber wealthy foreigners who were just trying to get an advantage
librechik
Jul 2012
#106