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
Dan Savage on the AIDS Epidemic | Generation X
People didn’t believe that our love was the equivalent of heterosexual love. Uh, not even people who considered themselves down with the gays believed that. I think it was Harvey Milk in “Torse Trilogy” who said that it would be great one day if we all gr…
YC Women in Tech: Breaking Into Product
All right, hi everyone! It’s, uh, thanks for joining us today. I’m Captain Yala. I’m excited to have you join us for our work at a startup panel on getting into product. We have three PMs with us today and will be joined also by YC alumni Helena Merk, and…
Enrique Iglesias - Bailando ft. Descemer Bueno, Gente De Zona
I look at you, and it takes my breath away. When you look at me, my heart skips a beat. My heart slowly beats. In the silence, your look says a thousand words (uh). The night when I’m begging you not to let the sun come up. Dancing (dancing), dancing (da…
Lecture 7 - How to Build Products Users Love (Kevin Hale)
All right, so um when I talk about making products users love, um what I mean specifically is like how do we make things that has a passionate user base that um our users are unconditionally um wanting it to be successful both on the products that we buil…
Elon Musk: The recession is here, you just don't know it yet
But I think we probably are that are in a recession and that that recession will get worse. So there’s a lot of concern about the health of the U.S. economy right now. Many economists are predicting the country will soon slip into a recession. No disrespe…
China Strikes Back: “The End Of The US Dollar”
Is the United States dollar under threat? We should prepare to lose our position as holder of the world’s reserve currency. That is happening in slow motion; it’s unmistakable. I think it’s—I will use the word doomed—in the long term. What’s up guys, it’…