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RE: Man and Woman to Get Married. - 11/30/2017 11:41:37 AM   
Lucylastic


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Im happy for them, altho I hope she can handle the press and "protocol", but as he is the "spare" he should be hopefully left alone more than Kate and William are.
Her background, her colour, her status is not an issue for me, he looks happy and in love and so does she....the pics around locally of them being together before their announcement, having fun, being in love and enjoying life. Whats the problem. Love is the best feeling.

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RE: Man and Woman to Get Married. - 11/30/2017 3:47:25 PM   
jlf1961


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quote:

ORIGINAL: Greta75

FR

I love the part about how once Meghan starts receiving income from the royal coffers, she would have major tax headache as USA wants to tax her for IT! Maybe she needs to ditch US citizenship and just stay 100% Brit.



Actually under US Tax law, she would only be taxed if she actually worked for the royal house,
or
earned income while a dependent of another US taxpayer
or
Worked exclusively for a foreign company and spent time traveling between the two nations.

In other words, the stipend she receives as a member of the royal family is not taxable, unless the Republicans really change the tax code or President Trump signs an executive order making her income taxable.

Or to put it bluntly, any stipend given to a US citizen either by the US government directly or a foreign government is non taxable.

In any event, even as a US citizen living and working exclusively in another country, she would qualify for a foreign earned income credit which would eliminate any taxes on her income anyway.

She will however, gain dual citizenship upon marrying the prince and thus become subject to British tax law, and from what I understand, puts the income taxes considerably higher than the US income taxes, which if you listen to the right wing looney tunes, is the direct result of living in a country based on socialism.

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RE: Man and Woman to Get Married. - 11/30/2017 4:20:18 PM   
PeonForHer


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FR

Whatever, I think it's a safe bet that she'll be all right for a bob or two from now on.

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RE: Man and Woman to Get Married. - 11/30/2017 6:28:42 PM   
Greta75


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quote:

ORIGINAL: jlf1961
Actually under US Tax law, she would only be taxed if she actually worked for the royal house,

I don't think the salary that royals get is considered just a stipend. I think it's actually a salary for their royal duties. As doing their royal duties is a full time work, initially Meghan was ask to quit her job as an actress to do full time royal duties, just like a Prime Minister being paid for his job as a Prime Minister.

That's why US would want a slice of her salary from the Royal House.

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RE: Man and Woman to Get Married. - 11/30/2017 6:39:52 PM   
Greta75


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quote:

ORIGINAL: WhoreMods

Of course, there's them as think he just mistook Megham Markle for Angela Merkel after a heavy night on the nose candy...


I think even when Kate married William, alot of people were complaining she is a commoner.

Some old stooges are still stuck on royalty pure blooded thingy.

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RE: Man and Woman to Get Married. - 11/30/2017 8:35:36 PM   
jlf1961


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quote:

ORIGINAL: Greta75

quote:

ORIGINAL: jlf1961
Actually under US Tax law, she would only be taxed if she actually worked for the royal house,

I don't think the salary that royals get is considered just a stipend. I think it's actually a salary for their royal duties. As doing their royal duties is a full time work, initially Meghan was ask to quit her job as an actress to do full time royal duties, just like a Prime Minister being paid for his job as a Prime Minister.

That's why US would want a slice of her salary from the Royal House.



Greta, do you practice at making great leaps of stupidity?

The royal family is not paid a salary, for anything.

First, the Queen and her children get their money from two sources.

One is from the British government which is actually derived from the income off the Crown Estate, this comes directly from the income of the crown estate and which the Queen signed over to the British government, then the government gives her a grant to cover the expenses of the royal family.

The Queen's private income comes from the Privy Purse, which is generated by the Duchy of Lancaster, that is a portfolio of land and assets that has belonged to the royal family for a few HUNDRED years, about 18433 hectares (17.17 square miles) of land that is residential, commercial and agricultural properties.

Prince Charles' personal income is derived from the Duchy of Cornwall, and between 2015 -2016 generated £33.5 million.

Part of which goes to his children and grand children.

So, as such the Royals are not paid for performing their duties, basically because it is part of their obligation to the people of Britain.

So, she would not be paid to do anything, she would be obligated as a member of the Royal Family.

geez, a simple google search would give you that information.

So, in reality, any money she receives as the wife of a prince would not, under US tax law, be an income since it would be more like an allowance.

Thus, the only income she would have to pay taxes on would be residuals from her work as an actress, investments she may own in the US, and any work she may do in the US after the marriage.

Of course, there is the other problem that the British common folk have an issue with, the sovereign grant does not pay the total upkeep for the royal family. It pretty much covers the basics, houses, food....

Security for the Royals as well as the cost of Royal ceremonies, is covered by funds generated by the taxes paid by the citizens of the UK, to the tune of over 200 million pounds.

Of course, the British royals effectively stopped being the head of government, more or less, when the Empire was dissolved and became the commonwealth.

Now of course, there are some other things to consider for people who are descended from individuals that ran afoul of the crown in centuries past, at least those that got off the British isles before troops caught up with them, who's holdings were seized by the crown as partial punishment for crimes against the crown.

Those lands and holdings either became part of the crown holdings or, in some cases were granted to some upstart for kissing royal asses, or doing something stupidly brave in service to the royal military.

Which is exactly how some of those dicks in the house of lords got their lands and titles.

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Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

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RE: Man and Woman to Get Married. - 12/1/2017 8:36:01 AM   
WhoreMods


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quote:

ORIGINAL: jlf1961
So, in reality, any money she receives as the wife of a prince would not, under US tax law, be an income since it would be more like an allowance.

I'd not thought of that, but it's a good point: maybe the planned royal wedding is just a particularly clever tax dodge?

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RE: Man and Woman to Get Married. - 12/2/2017 3:22:43 AM   
PeonForHer


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FR

This makes me chortle: "'Harry has fallen for her play' Meghan accused by childhood friend of being calculating" in the Daily Express (arguably a paper even more gnashingly right wing than the Mail). "However, among the outpourings of joy and portrayal of a fairytale relationship that all began with a blind date, notes of caution are being sounded. There are some who claim that Miss Markle’s rapid transformation from jobbing actress to concerned citizen of the world has been just a little too calculating."

And Meghan has announced that she's a 'feminist'.

Oh lordy, I hope she knows what she's getting into.

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RE: Man and Woman to Get Married. - 12/3/2017 5:31:17 AM   
Greta75


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quote:

ORIGINAL: jlf1961


quote:

ORIGINAL: Greta75

quote:

ORIGINAL: jlf1961
Actually under US Tax law, she would only be taxed if she actually worked for the royal house,

I don't think the salary that royals get is considered just a stipend. I think it's actually a salary for their royal duties. As doing their royal duties is a full time work, initially Meghan was ask to quit her job as an actress to do full time royal duties, just like a Prime Minister being paid for his job as a Prime Minister.

That's why US would want a slice of her salary from the Royal House.



Greta, do you practice at making great leaps of stupidity?

The royal family is not paid a salary, for anything.



Okay Mr intelligent. Read this article: https://www.forbes.com/sites/robertwood/2017/11/30/meghan-markle-prince-harry-filing-taxes-separately-heres-why/#2efefe1b6fce

It isn’t just income that the IRS wants to know about. It’s assets too, maybe even some royal ones. FATCA, the Foreign Account Tax Compliance Act, is a uniquely American law. It was passed in 2010, and is now ramped up worldwide. It requires an annual Form 8938 filing with the IRS that could end up involving royal assets.


But anyway, for her an easy fix is, give up US citizenship and all is good.


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Profile   Post #: 29
RE: Man and Woman to Get Married. - 12/3/2017 10:26:07 AM   
jlf1961


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quote:

ORIGINAL: Greta75

quote:

ORIGINAL: jlf1961


quote:

ORIGINAL: Greta75

quote:

ORIGINAL: jlf1961
Actually under US Tax law, she would only be taxed if she actually worked for the royal house,

I don't think the salary that royals get is considered just a stipend. I think it's actually a salary for their royal duties. As doing their royal duties is a full time work, initially Meghan was ask to quit her job as an actress to do full time royal duties, just like a Prime Minister being paid for his job as a Prime Minister.

That's why US would want a slice of her salary from the Royal House.



Greta, do you practice at making great leaps of stupidity?

The royal family is not paid a salary, for anything.



Okay Mr intelligent. Read this article: https://www.forbes.com/sites/robertwood/2017/11/30/meghan-markle-prince-harry-filing-taxes-separately-heres-why/#2efefe1b6fce

It isn’t just income that the IRS wants to know about. It’s assets too, maybe even some royal ones. FATCA, the Foreign Account Tax Compliance Act, is a uniquely American law. It was passed in 2010, and is now ramped up worldwide. It requires an annual Form 8938 filing with the IRS that could end up involving royal assets.


But anyway, for her an easy fix is, give up US citizenship and all is good.




I have read the article.

And I will also go so far as to point out the obvious, the writer of the article clearly based most of his ideas on some misconceptions.

There is a key phrase "could end up involving " that he used.

First the obvious flaws in his logic.

1) She would not 'own' or come into ownership of any of the assets that generate any part of the royals 'income.' Technically, Prince Charles owns the Duchy of Cornwall.

2) None of the Royal family 'assets' seem to qualify as such under US tax law. The closest they come to being is a trust fund, which falls under a totally different set of tax laws.

Under US Tax law, a business asset is something that 1) generates an income and 2) can be sold to offset a liability, or easily liquidated in order to purchase an asset or make an improvement in holdings.

Or to put it another way, an asset would be like one of Trump's buildings, he can sell it to buy property to build a bigger building to generate more income.

Since a Duchy cannot be liquidated by the owner, it fails to qualify as a business asset.

Then there is the joint return he mentioned.

If she is dependent solely on his income, she has no income of her own, and therefore would only be getting, as I said, an allowance. She herself, has no tax liability.

Finally, if she does work, she would do better from an accounting stand point, to fill a separate return (should she keep her US Citizenship) and lives abroad for one very damn good reason.

Under US tax law, if she is living overseas, and working, and her 'work' requires her to live over seas, she can deduct up to 50% of her income as expenses for living over seas as part of her job.

And clearly he was basing his whole premise on Boris Johnson, who was elected as Mayor of London, a office that has a yearly salary, and then was appointed to Foreign Secretary, another position with a salary.

And finally, if she were to be paid to attend state or royal functions, it would, as I stated earlier, fall under the stipend clause of the US tax code, which are not taxable.

The reason being is that being a princess does not involve salary negotiations prior to the wedding, since it would be to cover her personal expenses, that do not meet the qualification under current US tax law to be taxable.

Now granted, considering how the president seems to be pissing off the British government lately, he might ask congress to pass a new tax law so that the US government could get their hands on some of that money.

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Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

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RE: Man and Woman to Get Married. - 12/3/2017 2:24:08 PM   
WhoreMods


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And when her majestyy's exchequer receives the arrears on those tea taxes you guys threw a tantrum about paying two hundred odd years ago, he might have a hope in hell in getting his teeny tiny little handsies on her income.


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RE: Man and Woman to Get Married. - 12/3/2017 7:34:39 PM   
jlf1961


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quote:

ORIGINAL: WhoreMods

And when her majestyy's exchequer receives the arrears on those tea taxes you guys threw a tantrum about paying two hundred odd years ago, he might have a hope in hell in getting his teeny tiny little handsies on her income.


Yeah, well about the only thing in the colonies that the King and parliament was not taxing was sex.

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Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

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RE: Man and Woman to Get Married. - 12/4/2017 4:46:14 AM   
WhoreMods


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quote:

ORIGINAL: jlf1961


quote:

ORIGINAL: WhoreMods

And when her majestyy's exchequer receives the arrears on those tea taxes you guys threw a tantrum about paying two hundred odd years ago, he might have a hope in hell in getting his teeny tiny little handsies on her income.


Yeah, well about the only thing in the colonies that the King and parliament was not taxing was sex.

Seen, but the tea tax was considered symbolic or somesuch.

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RE: Man and Woman to Get Married. - 12/4/2017 7:33:47 AM   
jlf1961


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quote:

ORIGINAL: WhoreMods


quote:

ORIGINAL: jlf1961


quote:

ORIGINAL: WhoreMods

And when her majestyy's exchequer receives the arrears on those tea taxes you guys threw a tantrum about paying two hundred odd years ago, he might have a hope in hell in getting his teeny tiny little handsies on her income.


Yeah, well about the only thing in the colonies that the King and parliament was not taxing was sex.

Seen, but the tea tax was considered symbolic or somesuch.



Nope, the tea tax, sugar tax, stamp tax, and every other tax good ol king George came up with had but one purpose to pay for his war with France,

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Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

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RE: Man and Woman to Get Married. - 12/5/2017 11:59:09 AM   
WhoreMods


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Shouldn't you guys be all for that, given the stuff that was spouted about the French during the invasion of Iraq a decade and a bit back?


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RE: Man and Woman to Get Married. - 12/8/2017 4:19:47 PM   
Edwird


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quote:

ORIGINAL: PeonForHer

It was announced today that a man and a woman are to get married. The man is ginger, bearded and slightly balding. The woman is American and has good teeth. The man said 'I love the woman very much, so I want to marry her'. The woman said 'I love the man very much, so I want to marry him'. The bearded ginger man's parents said, 'We have grown fond of the American woman, who has very charming teeth, and wish them every happiness in their future life'.


As for dad, I think the Prince of Wales was easily swayed by incidence of prospective daughter-in-law having a Welsh first name.

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RE: Man and Woman to Get Married. - 12/8/2017 4:55:54 PM   
PeonForHer


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quote:

ORIGINAL: Edwird

quote:

ORIGINAL: PeonForHer

It was announced today that a man and a woman are to get married. The man is ginger, bearded and slightly balding. The woman is American and has good teeth. The man said 'I love the woman very much, so I want to marry her'. The woman said 'I love the man very much, so I want to marry him'. The bearded ginger man's parents said, 'We have grown fond of the American woman, who has very charming teeth, and wish them every happiness in their future life'.


As for dad, I think the Prince of Wales was easily swayed by incidence of prospective daughter-in-law having a Welsh first name.


Could be, though I've never seen it spelt with an 'H' before.


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RE: Man and Woman to Get Married. - 12/8/2017 5:17:34 PM   
Edwird


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Par for the course that a given name (like a given noun, verb, etc.) has it's spelling bounced around when crossing borders. Not to mention pronunciation. That's how 'Modern English' came about in the first place.

It was much worse than your (or rather my) example in the early going.

I wouldn't doubt that the Prince of Wales accepts a number of different spellings of that name, given the history, including the five or eight different spellings before there was any America.



< Message edited by Edwird -- 12/8/2017 5:51:06 PM >

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RE: Man and Woman to Get Married. - 12/8/2017 6:58:54 PM   
Edwird


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'Guillaume' + 'Wilhelm' = "William."

And a bunch more of that.

Those who have an inkling of pronunciation of either French or German would understand that the former is far closer than the latter as to what we wound up with.

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RE: Man and Woman to Get Married. - 12/17/2017 2:33:54 AM   
PeonForHer


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FR

The wedding is scheduled for the same day as the Cup Final. Bloody hell are people going to be torn! (Well, other than myself and people like me: two reasons I don't need to watch the news all day instead of just one.)

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