Wealthy Socialite/Top Democratic Donor Denise Rich Renounces Her U.S. citizenship

UK DAILY MAIL ^ | 9 July 2012 | Daily Mail.Reuters

[nascarnation]

From what I’ve seen, the Kardashians are hard core capitalists. Living off the weak and stupid in society, but AFAIK Baraq hasn’t issued any laws forcing anybody to pay attention to them.

[arrogantsob]

I’m sure this won’t stop her from voting several times next election.

[MeganC]

“Michelle Bachmann has Swiss citizenship like her immediate family, but I have read she is trying to give it up.”

I don’t see why she should. It was a birthright and not something she sought out so she’s done nothing wrong except in the eyes of the Democrats whose eyes I’d like to collectively gouge out with a fork.

[Gay State Conservative]

She’s keeping her Austrian citizenship, apparently. Don’t know what kind of tax-exempt status she’ll have while living in London as an Austrian citizen.

There are countries and territories around the world that have very low tax rates and I think some have no taxes.I guess they allow certain people,perhaps just the rich,to settle.The thing with renouncing US citizenship is that the US is the only civilized nation on earth that taxes its citizens on *worldwide* income regardless of where they might be living.Most countries don't do that.So as an Austrian she can probably live in one of these places and pay little or nothing in taxes to Austria *or* the country in which she settled.

[Truth29]

"I don’t see why she should. It was a birthright and not something she sought out so she’s done nothing wrong except in the eyes of the Democrats whose eyes I’d like to collectively gouge out with a fork."

I agree with you. I wish she hadn't gotten intimidated by the political criticism.

[pogo101]

http://www.telegraph.co.uk/finance/budget/5219642/Sir-Michael-Caine-warns-further-tax-rises-will-force-him-to-move-abroad.html

[cherry]

these rich rats KNOW that if bamey maintains his regime....which is what he will do if people don't get their asses in gear.....that he will make leaving the country with ANY assets impossible or finacially devastating....

the middle class won't have any options except to just leave everything behind....

don't forget that certain rats have already brooched the subject of raiding retirement accounts aka Ira's and 401's....

but, there are still people who deny this...

[Rummyfan]

Goodbye and Good Luck ... Mark Steyn

[AmericanInTokyo]

Was that at Madame Tussade’s for the unveiling of the wax piece on Michael Jackson??

[AmericanInTokyo]

You indeed read the tea leaves very well, fellow Freeper. It takes insight to see these things coming, as often the signposts are subtle, very subtle indeed, and nobody broadcasts in a loud voice what they are doing—while they are doing it. (Quietly and slowly shifting assets out of the country, storing with relatives or in banks that cannot be touched by ReichsIRS, etc. etc.)

[boxlunch]

I am trying to build a life-raft for me and the people of my State of Texas.

I saw this the other day and meant to respond. It just sounded interested and I wondered what you meant.

We definitely do need a life raft, that’s for sure.