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Originally Posted by Zeke
Yes, I was wrong. You are spot on according to Wki. I should have looked.
The Privy purse is a bit hard to understand. A bit like our president putting his assets in trust while I office I suppose. Surprising that the royals pay income taxes except for the monarch and first son.
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Not really. These assets are several hundreds of years old that members of the Monarchy (I forget who, specifically) "accumulated". Assets that perhaps rightfully belonged to the citizens. But since the Monarchy had so much power......
I'm Canadian and unfortunately we had to learn a bunch of this crap in school.
Oh..and the Royals Paying any sort of income tax is a relatively new thing (early 1990s?). So you can imagine how easy it's been for them to accumulate further wealth without ever having to pay taxes on anything.
Think about this...there was a story when the current Queen was a young woman (late teens, early 20s, I forget). Where she needed to go into a shop to buy something unexpectedly. And she didn't know how to use money......because the need for her to actually buy something personally had never occurred before.