Flashcards in Finance (2) Deck (8)
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1
Q
Charles got a lot of money from the Church, what was the tercias reales?
A
- 1/3 of all tithes collected by the Church in Castile
2
Q
Charles got a lot of money from the Church, what was the subsidio?
A
- tax on clerical rents and incomes in all Spanish kingdoms
3
Q
What did the crown gain from the military orders?
A
- land and gain revenue
4
Q
Charles got a lot of money from the Church, what was the cruzada?
A
- payable every 3 years
- raised by selling indulgences
- between 1523 and 1554: 121,000 ducats a year
- 1/4 of the royal income
5
Q
Which 3 secular taxes were from Castile?
A
- extra-parliamentary taxes (rentas ordinarias)
- custom duties
- goods from America (almoyaritazgo)
6
Q
Due to the alcabala becoming a fixed sum and so decreasing in value, what did Charles have to rely on and why was this bad?
A
- servicio
- affects people in different ways eg. hits the poor and the middle class taxpayers (pecheros)
7
Q
In Castile, one secular tax was the rentas ordinarias or extra-parliamentary taxes. What did this include?
A
- tax on sheep and cattle
- tax on Granada silk industry
- the alcabala (10% sales tax)
8
Q
What percentage of Philip’s income came from alcabala/ rentas ordinarias?
A
80-90%