3 ms·
The king is paid from earnings generated by the Crown Estate [0], which is basically a state owned property investment fund. From my understanding, taxpayer mon
by toomanybeersies 4y ago
The king is paid from earnings generated by the Crown Estate [0], which is basically a state owned property investment fund. From my understanding, taxpayer money hasn't been used to fund the monarchy since the 1700s.
[0] https://en.wikipedia.org/wiki/Crown_Estate https://en.wikipedia.org/wiki/Crown_Estate
- darkr 4y agoThe sovereign grant currently running around £90M/year: https://en.m.wikipedia.org/wiki/Sovereign_Grant_Act_2011 https://en.m.wikipedia.org/wiki/Sovereign_Grant_Act_2011
- wheelinsupial 4y agoBy no means am I an expert on this, but it looks like the sovereign grant is a tax refund paid to the crown from the taxes that the Crown Estate pays. https://www.bbc.com/news/explainers-57559653.amp https://www.bbc.com/news/explainers-57559653.amp
- MagnumOpus 4y agoThe sovereign grant is paid to the Windsor family, not the Crown. It is important to distinguish the "Crown" (essentially the monarchy-as-government) and the queens' family and hangers-on...
- nly 4y agoIt's peanuts though? I mean that's about 1000 well paid London software engineers paying their typical income tax.