view the rest of the comments
Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, toxicity and dog-whistling are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
Thank you for your detailed reply! Some of what you said didn't match my understanding. I recognize I'm taking this from wiki vs your experience as a person from the UK, but maybe you can help me understand?
I don't think this is true. For example:
This article says the crown is tax exempt and that the dutchy of Cornwall claims this too. It states the Sovereign Grant is tax exempt, but individuals have voluntarily paid equivalent amounts.
Royal.UK says:
And
The 2024-2025 financial statement mentions that
But the above states that this is voluntary. I'm not seeing anything about the 60% effective tax rate. What am I missing?
Actually, I think the links you provide back my points up pretty well. In fact, the Wikipedia articles you linked mentions that the Sovereign Grant is "15% to 25%" of the profits of the Royal Estate, not 25% to 35% as I thought. That's means the Government keeps 75% to 85% of their income, which is the "effective tax rate of at least 60%" I was talking about.
Aristocrats gonna aristocrat. There isn't a stately home in the country that doesn't generate income from just existing. The National Trust owns a lot of them and is a charity that is broadly laudable, but most of the rest don't burden themselves with the notion of being "non-profit".
And as you mentioned, the rest of their income is taxed as if they were normal humans rather than aristocrats. It may be on a "voluntary" and incredibly malleable basis, but that's probably because they know they'd get crucified if they didn't and, regardless, the income from non-Crown Estate concerns is basically negligible.
Look, I'm not saying this because I am assigning some moral or ethical judgement to paying taxes but calling the set up of the Royal Estate as tax is...flawed.
That is like saying an individual who withdraws a salary from their corporation is taxed at the rate equivalent to what they didn't withdraw.
Further,
...
I guess the revenues don't fully cover the cost of the government? Seems like a good deal for the monarchy vs a tax?