Denise Rich, the wealthy Democrat socialite and former wife of pardoned billionaire Marc Rich, who was pardoned by Bill Clinton, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill.
Rich, 68, a glossy figure in Democratic royalty circles, renounced her American passport in November, according to her lawyer. 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. ...More HERE
