View Single Post
widebody911 widebody911 is offline
Too big to fail
 
widebody911's Avatar
 
Join Date: Jan 2002
Location: Carmichael, CA
Posts: 33,894
Garage
Send a message via AIM to widebody911 Send a message via Yahoo to widebody911
Quote:
Originally Posted by Zeke View Post
I'm not sure about "leaches." The interest on their wealth must provide for something. IOW, they don't have to hold their hands out. All of their property is wholly owned I suspect and I bet they pay no taxes. Continuing my surmising, the gov't provides staff for all of it. Not much left to have to pay for.
I was curious so I looked it up Finances of the British Royal Family - Wikipedia, the free encyclopedia

The British Royal Family receives money from a number of sources both public and private. The official reported annual cost to the British Public of keeping the Royal Family was £41.5 million for the 2008-09 financial year.[1] This figure is disputed as the real cost since it does not include the cost of security provided by the Police and the Army, the lost revenue of the Duchies of Cornwall and Lancaster and other expenses.

Until 31 March 2012, the British Parliament met much of the Sovereign's official expenditure from public funds, known as the Civil List and the Grants-in-Aid. An annual Property Services Grant-in-Aid paid for the upkeep of the royal residences, and an annual Royal Travel Grant-in-Aid paid for travel. The Civil List covered most expenses, including those for staffing, state visits, public engagements, and official entertainment. Its size was fixed by Parliament every 10 years; any money saved was carried forward to the next 10-year period.[2]

[...]
Official costs according to formal reports filed by the Royal Household state that total annual expenditure as of March 2012 was £32.1 million.[3] However it has been estimated by the anti-monarchy pressure group Republic that when additional costs including security, lost revenue and palace grounds maintenance among others are included the cost is between £134 and £184 million per year.[4]
__________________
"You go to the track with the Porsche you have, not the Porsche you wish you had."
'03 E46 M3
'57 356A
Various VWs

Last edited by widebody911; 09-18-2012 at 08:07 AM..
Old 09-18-2012, 08:05 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #80 (permalink)