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You're reading: Spain’s king earns $382,000 a year
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Giving a breakdown of the royal family’s finances for the first time, the palace said Wednesday said that of the monarch’s gross income, €140,519 was personal salary and the rest was designated for expenses.

The king pays 40 percent in tax on the total sum.

The palace said Queen Sofia and the princesses Cristina, Elena and Letizia receive €370,000 between them, while Felipe earns €146,375.

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