For some folks, putting your money in an offshore account isn’t enough for the full expatriation experience. They need to go the full monte.

First, Eduardo Saverin. Now Denise Rich has chosen to renounce her American citizenship to reduce her taxes.

This chart explains the whole Bush tax cut battle.

It’s starting to look like we may have a round of mini-nullification from the Southern states on ‘Obamacare’ in advance of the presidential election.

Rick Perry, governor of the state with the highest percentage of uninsured residents, declares he won’t create a health insurance exchange or take advantage of Obamacare’s Medicaid expansion.

Luxe Romney donors play to stereotype at fab round of Hamptons fundraisers.

Your cell phone is snitching on you.

Just after the hoped-for economic downturn, Romney stumbles on offshoring jobs and his money. I take a look in today’s episode of the Set-Up …

Click here for the full-size version.

President Obama announces renewed push to roll back Bush tax cuts.

I suspect a lot of politicians and talking heads and reporters will treat President Obama’s renewed push to allow the high-income Bush tax cuts to expire as deja vu. And in their defense, there’s some overlap between what’s about to play out in the political realm, and what happened in 2010, when Democrats fractured over the issue and agreed to extend all the Bush tax cuts for two years.

But the story’s actually much different now, and that mostly has to do with the fact that this time around Republicans have a presidential candidate on the ticket. Not just any presidential candidate, either, but one who personifies the class of super-rich that benefited from the Bush tax cuts so much more than everybody else.

Here’s why that matters. Read More

Not Mitt’s fault exactly but folks trying to crash his mogul/mansion Hamptons fundraiser on a sailboat may qualify as the ultimate Mitt moment.