Originally posted by FanarFanar
Originally posted by VforVendettea
I wonder what the tax will be on the crown Jewels and Buckingham palace????
Oh, the 1% are exempt??? What a flipping shock.
Just 2 small points...
1) The Royals pay the same taxes as everyone else.
2) The Crown Jewels and Buckingham Palace are owned by the State and not the Queen.
Just a few small points for all of you that actually believe the absolute gibberish this no information having poster raped your eyes with:
The Queen does not pay one red farthing in taxes. Neither does anyone in her immediate family in line for the throne. NONE.
I would direct you to the Sovereign Grant Act of 2012 for verification on it.
While it states that the Queen pays the same taxes as everyone else...it is a misleading statement at best. First, the Queens personal wealth
(300million£) is set aside in a TAX FREE TRUST until a new monarch succeeds her.
Second, 15% of the Crown Estate Revenue is given directly to the Queen to help perform "duties of the crown"...which last year totalled
This GRANT is non-taxable as well as it is considered government cash.
While I admit the Queen must pay a capital gains tax, there is also some gray areas there. For instance, the Queen doesnt pay any capital gains tax
unless she invests her personal money...which she cannot do while being a monarch...nor can any Duke or immediate family. Much like Obama cannot play
the stock market due to conflict of interest.
Comically enough, the exact people who are entrusted to figure out how much money the Queen is owed or owes....called a Commission...are all appointed
by the Queen only. No conflict there huh?
Please...before you spout off statements as fact dude, you may wanna at least do a simple Google search to make sure you dont sound stupid.
That is all...
edit on 17-2-2013 by CaptainOblivious because: i cant spell