Quatloos! > Offshore
Planning > Diplomatic
Sometimes we sit around wondering
how some people are so dumb as to fall for this one, but apparently
There are several groups which are marketing various
sorts of diplomatic titles with the assertion that if you buy one
of these titles you will be forever free from taxes, protected as
you will be by the title. This is just a blatant lie. If you are
a U.S. citizen, you are liable for your taxes irrespective of what
titles you may hold, whether it be a Consulate of Nigeria, Ambassador
of Morocco, Czar of Uzbekistan, Knight of the Bavarian Fuzzybutt,
Baron de Pompous Asse of Monaco, or the Grand Pooh-Bah of Mauritius.
Now, you might purchase one of these titles and
park your car, and the parking attendant may see your Somalia Embassy
license plate and decide that it is not worth it to write you a
ticket -- but that will be it, and it will probably cost you at
least $25,000 for this privilege, such as it is.
At one time, having one of these titles might
have helped you get through U.S. Customs, but not anymore. There
has been so much abuse of these titles that everybody has cracked
down on them, and if you are obviously a U.S. person who is trying
to use such a title to slip through Customs, you are probably much
more likely to get the full examination than the average tourist.
This titles are worthless, except as conversation
pieces, and they cost too much for that. Such a title will unnecessarily
draw attention to you, and will end up being a tremendous headache
and counterproductive for what you wanted to use it for.
If you have purchased one of these phoney-baloney
titles and you still have money, call us! We've got some gorgeous
ocean-front property in northeastern New Mexico
that we'd like to sell you.