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.
Another fine Tax Avoidance / Laffer Curve example.
Good to see a rich Democrat in on the action (no pun intended.)
The U.S. national debt for the past 70 days has been stuck at exactly $16,699,396,000,000, CNSNews.com reports, citing the Daily Treasury Statement for July 26.“That is approximately $25 million below the legal limit of $16,699,421,095,673.60 that Congress has imposed...
The top 10 biggest U.S. cities on the brink of pension bankruptcy. #1 Philadelphia - Unfunded liability of $9 billion, $16,696 per household, only 1 year before the pension accounts are empty #2 Chicago - Unfunded liability of $44.8 billion, $41.966 per household,...
The U.S. government has demanded that major Internet companies divulge users' stored passwords, according to two industry sources familiar with these orders, which represent an escalation in surveillance techniques that has not previously been disclosed. If the...