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Home › Blogs › time*treat's Blog › Another U.S. passport accidentally turned in

Another U.S. passport accidentally turned in

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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.

http://video.msnbc.msn.com/nightly-news/48142231/#48142231

http://www.reuters.com/article/2012/07/09/entertainment-us-usa-immigration-deniser-idUSBRE8680MN20120709


Well, it must have been an accident, because no one's trying to leave the USA, right? 

People had better get familiar with the Pareto principle fast or the ticks are going to get real thirsty.

(Locked)
Entry #852

Comments

Avatar sully16 -
#1
Yep, it's the latest, they came here made millions and now they skaddle.
Avatar scorpio -
#2
oh,like romney,hiding his wealth in offshore accounts.when he does own up with his doctored returns,he will owe millions!
Avatar scorpio -
#3
probably started the tar sands oil problem in kalamazoo river!
Avatar time*treat -
#4
This blog entry has nothing to do with Romney, so knock off.
Avatar scorpio -
#5
up yours buddy,we still live in a democratic free speech america!
Avatar sully16 -
#6
We are a republic, one nation under God...
Avatar rdgrnr -
#7
No, no, no, janet said there ain't nobody tryin' to leave the country.
Everybody knows she wouldn't lie.
Avatar TigerAngel -
#8
If I recall correctly 400 ppl renounced u.s. citizenship in 2008. In 2011 it was 1,800. Small numbers but significant increase none the less. BO is enacting capital controls too, gee just like Hitler did.
Avatar Tenaj -
#9
Middle class and poor people are not trying to leave the country in order to hide and hold onto millions of their money. It's not an option.

They can't afford the price of a passport picture let alone a passport. Don't get it twisted.
Avatar time*treat -
#10
Poor people won't get lifetime handouts in other countries, so yeah, they're staying. The middle class WILL begin to follow the rich.

Search engine 'passport photos' along with the name of a nearby pharmacy or big-box store and see the prices for passport photos.

If people can afford the latest iCrap, nail treatment, hairdo, or line up to fight over the newest gym shoes or after-Thanksgiving specials, they can afford a passport. They've made a choice.
Avatar Tenaj -
#11
tt -
I was a shift manager in a well known pharmacy for 2 1/2 years as recent as fall 2011, and the photo lab supervisor before that and believe me I've made plenty of passport photos and it was the Hispanics and foreigners who got 99% of them. No kidding. Their babies and children too.

And I do understand that view was just in one area/location and passports are available in lots of other places and the extremely wealthy and rich were probably getting their's done somewhere else.   

However, as far as the middle class moving out of America and the rich taking the money out the country, I say, don't let the door hit them in the arse.

I know and understand the 80/20 rule when it applies to money leaving the country, but afraid I am not.

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