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Rothaymere

Location:US
Age: Hidden
Gender: female
In a few words: "Let us dare to read, think, speak and write" (the inspiring words of John Adams, 2nd President of the United States). I am inspired.

Obviously Prince Charles' "cash cow" is not being used to fund this trip, hence his going along with his "lady's" failure to do what a member of the "Firm" should be doing

Published: Saturday March 8,2008 by Rothaymere

If I as an English woman were still living in Britain, I would spend my time asking questions.

PRINCE CHARLES’ £14m INCOME

The Prince of Wales has a private income of more than £14 million which he gets from the Duchy of Cornwall.

He uses the funds partly on fulfilling his public duties and partly on personal expenditure, including money for his wife the Duchess of Cornwall and Princes William and Harry.

Charles received £14,067,000 from the Duchy of Cornwall in 2005/06, compared to £13,274,000 the year before.

The Duchy, which has been dubbed the Prince’s cash cow, was established in 1337 by Edward III to provide income for his eldest son, the Black Prince.

Charles’ £14 million plus income dwarfs the salaries given to bosses of some of Britain’s biggest companies.

This year, he disclosed details of his tax bill for the first time.

Clarence House’s annual accounts revealed that the heir to the throne paid around £3.3million to the Inland Revenue in 2005-2006 on his private income.

In previous years, aides declined to say how much tax Charles handed over, with his financial reports only including a figure combining both his tax and personal expenditure.

His final tax bill came to 23 per cent of the £14million.

The Prince, who pays tax voluntarily, deducts business expenses first of all.

The Duchy of Cornwall’s landed estate and investments is valued at more than £551million in total.

It grew in value by nearly £46million last year - a rise of over 9 per cent from £505,623,000 to £551,597,000

The success of the Duchy in 2005-2006 was put down to commercial property and development land.

Charles does not own the Duchy’s assets, but his income is generated from areas such as rent, or dividends on shares.

Neither Charles, as the 24th Duke of Cornwall, nor his sons, Princes William and Harry, receive an allowance from the Civil List, money for the royal family voted by Parliament from tax revenues.

As a Crown Body, the Duchy is tax-exempt

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