November 18, 2018
The Beetles said it best:
Let me tell you how it will be / There's one for you, nineteen for me / Cause I'm the taxman, yeah, I'm the taxman / Should five percent appear too small / Be thankful I don't take it all...
Turns out Meghan Windsor, the American Duchess of Sussex has brought the U.S. Internal Revenue Service down on the British Royal family. According to the U.K. Daily Mail:
"The Duke and Duchess of Sussex are pictured at a service to mark the centenary of the Armistice at Westminster Abbey on November 11
The Royal Family faces a tax 'nightmare' as US officials examine whether Meghan and Harry owe them a slice of their multi-million pound fortune, according to reports.
The Duchess of Sussex is still an American citizen so has to pay tax in the US, and this could extend to anyone else she draws money from, including her husband.
This could deplete both her $5million US fortune and Prince Harry's main source of private wealth, a £300,000-a-year trust fund on which he pays UK income tax.
The probe could even extend to the Queen and Prince Charles as they provide funding for the couple, aides told the Sunday Express, which reported that the royals are set to employ a team of US financial consultants to deal with the issue."
End excerpt.
The American Princess is going to have to renounce her citizenship (something that she really should have done before marrying Harry) or pay the price.
Does anyone think that there is something wrong with a tax system that can go after the British Monarchy? Benjamin Franklin said there are only two certain things in this world, death and taxes. He was right about taxes, at any rate.
Posted by: Timothy Birdnow at
11:00 AM
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