yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Taxes vs Duty (Clip) | To Catch a Smuggler | National Geographic


2m read
·Nov 10, 2024

You purchased this. We have to add this up. All right.

So how much is this adding up to? Do you understand?

Well, that's one side. It's got to go on the other side. There's exact prices of how much she paid.

She has ten. $15,000 worth of gold. Are you aware you have to pay duty on gold? You pay duty here. So when you come into the U.S.. Yeah, right.

All purchases. You have to pay duty on these items, right? But that's irrelevant to us. You have to pay duty to the US government when you purchase anything.

I do this every day. I know exactly what I'm looking for. It's always going to be fair.

And I'm all right. We're going to move on to the bags. So you did declare 6000 in clothes, and the new clothes that you are declaring are in there, right?

Yeah. No. Well, everything is recorded, so you can file a complaint if you think something is missing.

So you're declaring 6000, right? Yeah. And then we have more here. Okay, but you have to declare things the right way.

If there is a failure to declare, the government can seize these items. But you didn't declare everything.

But did you ever pay duty to be here like this? Look, no. That's irrelevant. This is US customs, and you have to pay duty here.

Okay. So I'm going to make the calculation. So the clothes you did declare, you were doing good. But then we have a lot of items missing.

So on those items, you're going to have to pay a penalty. The items you did, the clerk is going to be $506.

The penalty on the other items is $5,600. So I have to ask, are you going to pay it or...

20 penalty was pretty hefty. But people who want to bring in ten, $15,000 worth of gold are going to get penalized.

And she decided to pay, and she walked out to go with our stuff.

Yeah. Tough cookie.

More Articles

View All
Covalent bonds | Molecular and ionic compound structure and properties | AP Chemistry | Khan Academy
In a previous video, we introduced ourselves to the idea of bonds and the idea of ionic bonds, where one atom essentially is able to take electrons from another atom. But then, because one becomes positively charged and the other becomes negatively charge…
Justification with the intermediate value theorem: table | AP Calculus AB | Khan Academy
The table gives selected values of the continuous function f. All right, fair enough. Can we use the Intermediate Value Theorem to say that the equation f of x is equal to 0 has a solution where 4 is less than or equal to x is less than or equal to 6? If …
Building a Blind | Live Free or Die
Ah, right here! Fresh ones! Look! Oh yeah, cool! Yeah, there’s a whole bunch, actually. That’s not like one deer; that’s a bunch of deer. One deer is coming here all the time. Yeah, if this is where they’re hanging out, then we just need to get to a spot…
Infiltrating the Illegal Wildlife Trade: A Trafficker’s Downfall | Nat Geo Live
Anson Wong is a wildlife trafficker. He’s also a guy who was trafficking at the time all the things we care about when we think about precious wildlife. He was offering snow leopard pelts, rhino horn, and he was moving live elephants. He had a tiger farm …
15 Lessons That Take The Longest to Learn
You don’t have as much time as you think you have. Some incredibly important lessons become obvious only in retrospect, but you learn them the hard way. This video is your unique opportunity to learn these lessons now so you can benefit from them for the …
The Evergrande Collapse: A Potential Trigger for an Economic Crisis?
Right now, China is facing the bankruptcy of one of the biggest real estate developers in the world, with the potential for a contagion to spread through the rest of the property market. Now, over the past week or two, anyone that follows the stock market…