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Denise Rich, Acclaimed Songwriter, Renounces US Citizenship

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Denise Rich, Acclaimed Songwriter, Renounces US Citizenship
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Denise Rich, the Grammy Award-nominated songwriter who was once married to infamous tax evader Marc Rich, has officially become a citizen of Austria, according to FOX News. Rich’s name appeared on a quarterly list of individuals who have renounced their United States citizenship, a fact which was confirmed by the songstress’ representative.

“In order to be closer to her longtime life partner, as well as her family and loved ones, she made the decision to become an Austrian citizen. That was in November 2011,” Judy Smith explained to the Wall Street Journal.

Although Rich was born in Worcester, Massachusetts, she has ties to Austria through her deceased father. The move, according to the folks speculating endless at FOX News, will ultimately save the songwriter several millions of dollars in taxes. What’s more, Austria provides tax breaks to citizens who spend half of the year abroad, which, of course, sweetens the deal considerably. In short, she’s going to be saving money left and right.

However, Rich’s move to Austria may cost her a bit on the way out the door. A 2008 law stipulates that those who intend to renounce their U.S. citizenship must pay an “exit tax” that would take a chunk of “unrealized gain in the value of assets over $600,000″. Not surprisingly, Rich’s representative did not comment on such matters.

In 1984, Denise Rich wrote the song “Frankie” for the group Sister Sledge, a ditty she followed up with tunes for Phyllis Hyman, Natalie Cole, Celine Dion, Jessica Simpson, Marc Anthony, Patti LaBelle, Chaka Khan and Diana Ross. The most recent addition to her musical canon was the 1999 Aretha Franklin/Mary J. Blige duet “Don’t Waste Your Time”.

Image provided courtesy of Haute Living

Denise Rich, Acclaimed Songwriter, Renounces US Citizenship
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  • Bonnie Joy Osborn

    Growing older in the USA is not fun !!!

    Medicare sends the red white and blue card but it also send the bill !

    Who told us this would happen ?

    I guess Denise Rich had a way to leave and she did, which is what most of us reaching a certain age in the USA would love to do…..

    LIFE, LOVE and HAPPINESS are much better in other countries, and I hope I can do the same !!!

    VIVA LA FRANCE, SWEDEN< etc. and AUSTRIA for Denise !!!

  • Dianna

    I’m the only U.S. Citizen in my family. Everyone else (excepts neices, nephews, etc.) are all Canadian. I’ve been trying to become Canadian but because of when I was born(the rules in place at the time) & my parents had only 2 years from my birth to file dual citizen papers. As they didn’t I’ve been told by the U.S. that if I chose to go to Canada I would be renouncing my U.S. citizenship. I personally believe that it proves the U.S. thinks it’s better than any other country in the world. Yet, I hear I can’t afford health insurance, I had Crohn’s disease 21 years ago with no reoccurence in 20 years yet the lovely insurance companies want to slap me with a “pre-existing” clause that increases my policy. So I can’t afford insurance & I have children so I either pay just for them or not at all. I worry constantly about something happening. I talk to my cousins in Canada & they tell me how they can’t imagine having that stress. My mom moved back to Canada after I graduated H.S. & even her being there wouldn’t allow me in. I have to have my older brother “sponsor me, my children & say he is totally financially responsible for us” in order for me to go. Then after being born here, living here for over 40 years I’m told I will not be allowed to come back to the U.S. ever. That’s when I realized no matter what works out, I will not retire here. My uncle, my dad, my brother worked here for years. My parents & uncle were able to collect their SSN benefits at retirement so hopefully if there is an SS benefits when I’m old enough to retire than I should be able to collect what I paid into. It’s all so ridiculous. FREE country my you know what. I will admit it’s sad for me that it’s been a struggle to be able to be close to my family simpy because when I was born technology wasn’t advanced & my parents (who thought they were done having kids) were surprised when I asked & they found out that I lost out even though I was a toddler. They just always thought since they were both Canadian, never renounced their citizenship were able to get a green card & work here, I’d be able to be with my family. The upside is that now if you were born after 1977-1979ish, you as the person have until age 28 to file & recieve dual citizenship. Makes much better sense that the person can make the choice for themselves at an age which makes them know what they want & be able to do this if they want to. I certainly wasn’t able to decide at age 2 if I’d know I wanted to be a Canadian. I sometimes wish my parents would’ve moved back before I became an adult because I’m sure it would’ve worked out fine. Sorry to ramble, this has been boiling inside me for years. Good for Ms. Rich! I certainly don’t have $600K in worth so I won’t have her tax issues. I can barely afford to keep a roof over my head, feed my 2 children & survive with all the laws that are constantly being approved & cost us poor people money. Obamacare scares the heck out of me, the one bonus is that it does get rid of the pre-existing condition issue. Thanks for letting me vent & giving me hope. I miss family!

  • http://corb7.com Jeff Corbett

    Unless the US is going to build a wall to keep its citizens in – oh… that was already done somewhere else – let anyone who wants to leave …go! This has no bearing on anything and is yet another shinny object placed in the view of taxpayers to distract.

  • Dana

    Get rid of the exit tax. Let all the fauxmericans who hate this country or even if they don’t and just want to leave go…