SPANISH ROYAL FAMILY RELEASE THEIR BUDGET
By Kevin Reardon / 2013-01-08 15:47:55
The Spanish Royal Palace has released details of the state funding received by members of the Royal family on it’s website.
The king himself is paid €292,752 annually by the state and pays 40% tax on his income.
The heir to the throne, Prince Felipe, gets €146,376. Queen Sofia and the three princesses – Infantas Elena, Cristina and Princess Letizia – get €375,000 each. The total budget for the royal family was €8.4 million this year.
The royal palace denies the family were obligated to reveal their finances and insist the royals did so for the sake of modernization.