Author Topic: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report  (Read 1280 times)

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Offline mystery-ak

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Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
By Mark Hensch - 02/22/17 05:11 PM EST

Secretary of State Rex Tillerson is set to be neighbors with the Obamas and a first daughter.

Tillerson earlier this month purchased a $5.6 million home in Washington’s Kalorama neighborhood, Washingtonian reported Wednesday.

The house is a four-bedroom, four-and-a-half-bathroom Colonial Revival, the report said, citing a source with knowledge of the transaction and property records.

more
http://thehill.com/blogs/in-the-know/in-the-know/320714-tillerson-buys-56m-dc-home-report
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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #1 on: February 22, 2017, 11:29:41 pm »
Dude's got to live somewhere.
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Offline Norm Lenhart

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #2 on: February 22, 2017, 11:33:56 pm »
If he's got the money, good for him. I think it's insane but if he's good with it, more power to him.

Offline IsailedawayfromFR

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #3 on: February 22, 2017, 11:40:04 pm »
I know how Tillerson can afford it, but how can the Obamas?
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Offline Norm Lenhart

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #4 on: February 22, 2017, 11:52:22 pm »
I know how Tillerson can afford it, but how can the Obamas?

Same way any other criminal does.

Offline corbe

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #5 on: February 22, 2017, 11:55:39 pm »
   This is a great way to hide some of that Exon Golden parachute money from the taxman.
No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #6 on: February 23, 2017, 12:13:14 am »
"Just remember to stay out of my yard!"

Offline Right_in_Virginia

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #7 on: February 23, 2017, 02:45:14 am »
I know how Tillerson can afford it, but how can the Obamas?

The Obamas are renting. 

Offline Right_in_Virginia

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #8 on: February 23, 2017, 02:46:41 am »
   This is a great way to hide some of that Exon Golden parachute money from the taxman.

Or .. to find a place to live for the next four years in a high security DC neighborhood.   :shrug:

Offline Victoria33

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #9 on: February 23, 2017, 02:54:31 am »
I know how Tillerson can afford it, but how can the Obamas?
@IsailedawayfromFR

The Obamas are RENTING, NOT BUYING.

Offline truth_seeker

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #10 on: February 23, 2017, 03:19:10 am »
   This is a great way to hide some of that Exon Golden parachute money from the taxman.

Okay, explain the tax avoidance angle.
« Last Edit: February 23, 2017, 03:19:43 am by truth_seeker »
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Offline corbe

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #11 on: February 23, 2017, 03:23:27 am »
Okay, explain the tax avoidance angle.

   Wouldn't a Real Estate Investment negate the Capital Gains tax, just a little?
@truth_seeker
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Offline truth_seeker

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #12 on: February 23, 2017, 03:33:35 am »
   Wouldn't a Real Estate Investment negate the Capital Gains tax, just a little?
@truth_seeker

I simply asked you if you could explain the angle, since you implied there was one.

Based on what I know about taxes, no. A payout realized from a parachute would not be offset, by a real estate purchase.

Since he is quite wealthy, he needs diverse buckets in which to store his wealth.  In recent years (since 2006) buying property has been a good investment. But now might be another peak of the market.

He will later pay taxes from "realized" gains, from both securities and real properties. Some of the costs of maintaining those investments, will offset the gains, if any.

I'm not a tax attorney, so get professional advice. Since he is quite wealthy, he can afford the best tax advice and investment options that there is/are.

« Last Edit: February 23, 2017, 03:46:13 am by truth_seeker »
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Offline Frank Cannon

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #13 on: February 23, 2017, 03:41:01 am »
   This is a great way to hide some of that Exon Golden parachute money from the taxman.

Explain how that one works Jackson Hewitt?

Offline corbe

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #14 on: February 23, 2017, 03:46:55 am »
   I can't explain it and granted $5.4M is a drop in the bucket for someone that just got a $180M parachute and I don't begrudge him for that AND more importantly I slept in a Holiday Inn Express last year.
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Offline anubias

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #15 on: February 23, 2017, 03:55:17 am »
Speaking of a drop in the bucket, his house is modest in comparison to others in the neighborhood.

Offline catfish1957

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #16 on: February 23, 2017, 03:55:41 am »
   I can't explain it and granted $5.4M is a drop in the bucket for someone that just got a $180M parachute and I don't begrudge him for that AND more importantly I slept in a Holiday Inn Express last year.

Tillerson had to leave a Dallas area home  to an area that is 4 -6 X cost per  comparable amenities.

Props to him for that sacrifice.

I turned down 4 promotions in my career for that reason.
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Offline truth_seeker

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #17 on: February 23, 2017, 04:03:04 am »
   I can't explain it and granted $5.4M is a drop in the bucket for someone that just got a $180M parachute and I don't begrudge him for that AND more importantly I slept in a Holiday Inn Express last year.

My father, a medium residential builder, said an "consultant" was anybody over 100 miles from home, with a briefcase.

You know, the bank wouldn't loan you money for your project, without an expensive "consultant," and their written analysis.

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Offline Frank Cannon

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #18 on: February 23, 2017, 04:08:44 am »
   I can't explain it and granted $5.4M is a drop in the bucket for someone that just got a $180M parachute....

You are aware that a "Golden Parachute" is when an executive gets a big payout when a company is taken over, right? Otherwise it seems that your incorrect usage of the term is strictly because you are a Commie Pinko bastard who is bitter about the 1%.

BTW, Tillerson did quite well keeping my Exxon stock price going up. Seems to me that he deserved his compensation.

Offline corbe

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #19 on: February 23, 2017, 04:13:02 am »
You are aware that a "Golden Parachute" is when an executive gets a big payout when a company is taken over, right? Otherwise it seems that your incorrect usage of the term is strictly because you are a Commie Pinko bastard who is bitter about the 1%.

BTW, Tillerson did quite well keeping my Exxon stock price going up. Seems to me that he deserved his compensation.

   Granted @Frank Cannon I was throwing around 'Golden Parachute' rather loosely but to call me a commie pinko bastard would have hurt my feelings until I considered the source of said insult and then I felt rather tingy in my left leg.
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Offline Frank Cannon

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #20 on: February 23, 2017, 04:28:26 am »
   Granted @Frank Cannon I was throwing around 'Golden Parachute' rather loosely but to call me a commie pinko bastard would have hurt my feelings until I considered the source of said insult and then I felt rather tingy in my left leg.

I didn't exactly call you a Commie Pinko bastard. I gave you a choice between that or being illiterate. I thought that was kinda white of me.

Offline mountaineer

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #21 on: February 23, 2017, 04:40:24 am »
So many news stories these days seem to inspire the same response from me, to-wit, "so what?"
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Offline Frank Cannon

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #22 on: February 23, 2017, 04:46:48 am »
So many news stories these days seem to inspire the same response from me, to-wit, "so what?"

Are you out of your mind?!?!?!?! A man bought a house here. Let me repeat: A MAN BOUGHT A HOUSE!!!! Don't you understand the ramifications of this? Our whole geopolitical weltanschauung will never be the same.

Let me sum this up by reminding you that a man.......bought a house.

Offline anubias

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #23 on: February 23, 2017, 04:48:36 am »
So many news stories these days seem to inspire the same response from me, to-wit, "so what?"

The majority do!  I've said, "So what?" to myself a dozen times just today.   :silly:

Offline truth_seeker

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Re: Tillerson buys $5.6M home blocks from Obamas, Ivanka Trump: report
« Reply #24 on: February 23, 2017, 04:54:53 am »
The majority do!  I've said, "So what?" to myself a dozen times just today.   :silly:
In how many of those times, are the #nevertrumpers in manic episodes ?
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