I've run title for hundreds of large sections of land throughout the US. Deeds typically say "for the sum of One Dollar ($1.00) and other good and valuable consideration" or "for the sum of Ten Dollars ($10.00)...". It DOES NOT mean that was the purchase price. This is boiler plate language in nearly ever modern deed. The "other good and valuable consideration" is always just the remaining sum of money the party paid for the property.
I'm not a lawyer, but both my siblings were, I got hooked on phonics and stayed in school for as long as Christ lived, but the point is, this is how Tump bought it so no one knows what he actually paid. A lifetime golf membership to his holdings is valuable, especially if it is transferable.
Ten dollars and other good and valuable consideration. Learn to read you ignorant piece of shit. That particular language is routinely used in conveyance instruments to signify a cash transaction. The exact amount of cash paid is not required to be explicitly stated in the instrument. Further, by not disclosing the exact amount paid for the property, the taxing authorities aren't automatically alerted to a large increase in valuation.
You must be the dumbest motherfucker on the planet. I am enjoying a wonderful laugh at your expense; I'm sure that is nothing new for you.
My co-workers are loving this exchange! Do you perform stand-up comedy? We would love to hire you for an afternoon of comedic (read: retarded) entertainment.
Everyone especially loves how you believe that you are enlightened about "gifting expensive properties". Let me tell you something dipshit; NOBODY gits expensive properties. Want to know why this is true? I will tell you. Because the GIFT TAX would be in the neighborhood of Forty-Five Percent (45%) of the property's value.
I probably should lighten-up. It has been pointed out to me that you might be intellectually challenged. Nah, fuck it, go pound sand retard.
I've run title for hundreds of large sections of land throughout the US. Deeds typically say "for the sum of One Dollar ($1.00) and other good and valuable consideration" or "for the sum of Ten Dollars ($10.00)...". It DOES NOT mean that was the purchase price. This is boiler plate language in nearly ever modern deed. The "other good and valuable consideration" is always just the remaining sum of money the party paid for the property.
Exactly.
This link says he paid $5,000,000 for the property?
Okay here, $10 and some other... wow!
I live in Florida and have done title work in the past. They ALL say that. Pull up a few more properties and you’ll see I’m right
It looks like the actual purchase price is listed on the left sidebar under “consideration”. Total of $7,000,000
Coincidence that it was originally donated to the fed govt for use as a "winter white house"
To obtain a copy of this image please write down the book and page number and call (561) 355-2977.
You may visit our County Office where the document is available.
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I'm not a lawyer, but both my siblings were, I got hooked on phonics and stayed in school for as long as Christ lived, but the point is, this is how Tump bought it so no one knows what he actually paid. A lifetime golf membership to his holdings is valuable, especially if it is transferable.
Wrong. The wording indicates that it was paid for via a cash transaction.
You are wrong because you claimed it was a gift. It wasn't a gift. It was purchased with cash. Big difference.
Ten dollars and other good and valuable consideration. Learn to read you ignorant piece of shit. That particular language is routinely used in conveyance instruments to signify a cash transaction. The exact amount of cash paid is not required to be explicitly stated in the instrument. Further, by not disclosing the exact amount paid for the property, the taxing authorities aren't automatically alerted to a large increase in valuation.
You must be the dumbest motherfucker on the planet. I am enjoying a wonderful laugh at your expense; I'm sure that is nothing new for you.
My co-workers are loving this exchange! Do you perform stand-up comedy? We would love to hire you for an afternoon of comedic (read: retarded) entertainment.
Everyone especially loves how you believe that you are enlightened about "gifting expensive properties". Let me tell you something dipshit; NOBODY gits expensive properties. Want to know why this is true? I will tell you. Because the GIFT TAX would be in the neighborhood of Forty-Five Percent (45%) of the property's value.
I probably should lighten-up. It has been pointed out to me that you might be intellectually challenged. Nah, fuck it, go pound sand retard.