User Panel
Posted: 9/12/2022 1:16:35 PM EDT
King Charles III can avoid paying millions in inheritance tax on the Duchy of Lancaster estate due to an old rule designed to protect the Royal Family's wealth.
https://news.sky.com/story/why-king-charles-wont-have-to-pay-inheritance-tax-on-duchy-of-lancaster-estate-12695884 Like they say it's nice to be the King |
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Rules for thee but not for me. Sounds like our rulers as well. Sucks to be a subject.
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Poor people can save money on taxes too if they get a sharp CPA. But they don't.
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Quoted: Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? View Quote View All Quotes View All Quotes Quoted: Quoted: Good, taxation is theft. Agreed. But what is it when the king doesn’t have to pay but everyone else in the kingdom does? Seems like they are cool with it. |
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I'd like to learn something for all the taxation is theft people are you just referring to federal taxes? How would the highways get paved, etc?
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UK's inheritance tax is high AF.
There’s normally no Inheritance Tax to pay if either: the value of your estate is below the £325,000 threshold you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club what kind of bullshit is that. |
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Quoted: Agreed. But what is it when the king doesn't have to pay but everyone else in the kingdom does? View Quote View All Quotes View All Quotes Quoted: Quoted: Good, taxation is theft. Agreed. But what is it when the king doesn't have to pay but everyone else in the kingdom does? It's silly to be a king and pay taxes. |
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Quoted: Estate tax is theft. specifically. Also, road tax and tolls pays for the highways. https://preview.redd.it/vld2npntds891.jpg?auto=webp&s=c3c2032f4618c3fb71d7c5b88b16749e554c29f1 Also, we could finance a large portion of our military by oil sales. When we "liberated" Iraq, we could have put a tax on exported oil. Same shit with Kuwait. View Quote Srs. That's the nation building we needed. |
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Probably a law dating from when the Monarchy had to fund the government and the military.
Doesn't move the needle for me. Interesting though. |
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I don't have a problem with it since they want to play along to keep the monarchy tradition alive.
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stay in school kids, work hard and maybe you can be king someday and reap this benefit
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Quoted: I'd like to learn something for all the taxation is theft people are you just referring to federal taxes? How would the highways get paved, etc? View Quote There are things like use and the gas (or EV charging) tax for this. Still theft, but more "fair"/less egregious and don't punish being productive like the income tax (it's also no one's business, including govts' how much money you earn). Most of us who are correctly identifying taxation as robbery, are especially at odds with taxation when it's used for redistributive (vote buying) and "social engineering" purposes. These fall outside of the legitimate role of govt. (if there is one), which is protecting rights. |
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This is the idiocy of royalty….they need special rules to remain special. These folks will ALWAYS be rich and never need to work.
Ah well, we’ve always sought to create a “royal” class in the US, athletes, actors, singers, musicians. King James, Queen Latifah are just current items. Sultan of the Swat was Babe Ruth’s nickname. Prince at least had some modesty. Benny Goodman, King of Swing. Camelot for the Kennedy’s. |
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if there is one perk of being king it should be not paying taxes
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A king's income is literally derived from taxes...who the fuck would he pay taxes to?
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View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Good, taxation is theft. Came to say this. Especially true of inheritance taxes. https://i.pinimg.com/originals/83/4d/3b/834d3b43b150cbbd3b6dc5222519d8a1.png I vaguely recall this, but was never a big Sporanos buff. @azjeeper |
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Quoted: people that want a highway would pay to build it and then maybe charge people to use it or otherwise raise the funds for it. View Quote Taxes on income are wrong. Taxes USED to be (according to the British common and merchant laws we basically carried over) only on wealthy landowners and businesses... particularly businesses who export. Somehow, the devolved into excise taxes on products, then, it turned into taxes on salaries. The politicians who pitched these salary taxes 100 years ago swore it would only apply to the super wealthy millionaires, and it would never exceed 5% regardless. Idk what arfcom pays in taxes but...I'm pretty sure our elected officials keep lying to us, because I'm not super wealthy, I don't own large tracts of land, I don't own a big business, and I pay way more than 5%. It's almost like: government goons steal our money then blame us when they don't have enough... |
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Quoted: people that want a highway would pay to build it and then maybe charge people to use it or otherwise raise the funds for it. View Quote View All Quotes View All Quotes Quoted: Quoted: I'd like to learn something for all the taxation is theft people are you just referring to federal taxes? How would the highways get paved, etc? people that want a highway would pay to build it and then maybe charge people to use it or otherwise raise the funds for it. Muh Roads! |
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I figured all their property was probably in trust where they could reassign trustees as needed with worrying about taxes.
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Quoted: Good, taxation is theft. View Quote If this is property under Crown Estate, there's constraints. Even the monarch is prohibited from selling, which is the primary test of "ownership". At best he's gained control. So if the UK Gov has imposed limited agency I see no issue with limited liabilities RIF - its Lancaster which is the private estate of the sovereign. Still no issue as the sovereign can't access other methods rich puffs in the UK use in avoidance (LOL Monaco) - it'd dilute the Crowns resources as well. Long as they put up with the system, the rules gonna favor. |
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Quoted: stay in school kids, work hard and maybe you can be king someday and reap this benefit View Quote Attached File |
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Quoted: Idk what arfcom pays in taxes but...I'm pretty sure our elected officials keep lying to us, because I'm not super wealthy, I don't own large tracts of land, I don't own a big business, and I pay way more than 5%. View Quote If you add up your total tax burden, it's around 50%. I did mine last year and it's right around 54% of my income for the year was paid in taxes. You need to add up everything, income tax, sales tax, gas tax, vehicle(s) tax, land tax, the hidden 12.5% your employer pays that no one knows about but is a direct tax on your salary in addition to what you pay in fed/state taxes, and all the other nickle and dime taxes we pay for literally everything. Even my water bill has a special *utility tax* that's like $5 or 15% of the bill, i'm sure it's to pay for someone who's not paying thier bill. |
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Quoted: If you add up your total tax burden, it's around 50%. I did mine last year and it's right around 54% of my income for the year was paid in taxes. You need to add up everything, income tax, sales tax, gas tax, vehicle(s) tax, land tax, the hidden 12.5% your employer pays that no one knows about but is a direct tax on your salary in addition to what you pay in fed/state taxes, and all the other nickle and dime taxes we pay for literally everything. Even my water bill has a special *utility tax* that's like $5 or 15% of the bill, i'm sure it's to pay for someone who's not paying thier bill. View Quote View All Quotes View All Quotes Quoted: Quoted: Idk what arfcom pays in taxes but...I'm pretty sure our elected officials keep lying to us, because I'm not super wealthy, I don't own large tracts of land, I don't own a big business, and I pay way more than 5%. If you add up your total tax burden, it's around 50%. I did mine last year and it's right around 54% of my income for the year was paid in taxes. You need to add up everything, income tax, sales tax, gas tax, vehicle(s) tax, land tax, the hidden 12.5% your employer pays that no one knows about but is a direct tax on your salary in addition to what you pay in fed/state taxes, and all the other nickle and dime taxes we pay for literally everything. Even my water bill has a special *utility tax* that's like $5 or 15% of the bill, i'm sure it's to pay for someone who's not paying thier bill. Yep what I do, is that I get my CPA to kick out my AGI and then how ever much is above $24,000 a year, I buy F-250s with that amound of money to write it off via section 179 |
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Quoted: If you add up your total tax burden, it's around 50%. I did mine last year and it's right around 54% of my income for the year was paid in taxes. You need to add up everything, income tax, sales tax, gas tax, vehicle(s) tax, land tax, the hidden 12.5% your employer pays that no one knows about but is a direct tax on your salary in addition to what you pay in fed/state taxes, and all the other nickle and dime taxes we pay for literally everything. Even my water bill has a special *utility tax* that's like $5 or 15% of the bill, i'm sure it's to pay for someone who's not paying thier bill. View Quote A couple hundred years ago...the people living in this land felt that was pretty burdensome. I think...when the cheap import items go away, people may feel similar again Ain't nobody gonna pay $40/lb for coffee or $75 for a t shirt at Marshalls lol. |
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He's a literal king.
Presiding over his kingdom. How is this news |
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Quoted: I vaguely recall this, but was never a big Sporanos buff. @azjeeper View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Good, taxation is theft. Came to say this. Especially true of inheritance taxes. https://i.pinimg.com/originals/83/4d/3b/834d3b43b150cbbd3b6dc5222519d8a1.png I vaguely recall this, but was never a big Sporanos buff. @azjeeper Eugene had to pay! |
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Well, of course he can. If the Monarchy were subject to inheritance tax, they would cease to exist in two generations. The Monarchy continues to exist at the amusement of the State over there. Nothing more, nothing less.
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Quoted: Yep what I do, is that I get my CPA to kick out my AGI and then how ever much is above $24,000 a year, I buy F-250s with that amound of money to write it off via section 179 View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Idk what arfcom pays in taxes but...I'm pretty sure our elected officials keep lying to us, because I'm not super wealthy, I don't own large tracts of land, I don't own a big business, and I pay way more than 5%. If you add up your total tax burden, it's around 50%. I did mine last year and it's right around 54% of my income for the year was paid in taxes. You need to add up everything, income tax, sales tax, gas tax, vehicle(s) tax, land tax, the hidden 12.5% your employer pays that no one knows about but is a direct tax on your salary in addition to what you pay in fed/state taxes, and all the other nickle and dime taxes we pay for literally everything. Even my water bill has a special *utility tax* that's like $5 or 15% of the bill, i'm sure it's to pay for someone who's not paying thier bill. Yep what I do, is that I get my CPA to kick out my AGI and then how ever much is above $24,000 a year, I buy F-250s with that amound of money to write it off via section 179 Yep ...this and depreciation FTW. 179 is limited to a bit more than a million tho. SEP IRA as well |
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