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
How did Reagan's policies affect the economy? | US Government and Civics | Khan Academy
How did Ronald Reagan’s policies affect the government and economy? What Ronald Reagan believed is that good programs—he had been a New Deal Democrat—he believed that what had happened was good programs that had tried to help people who needed the help: …
Making line plots with fractional data
We are told that for four days you record the number of hours you sleep each night. You round each time to the nearest one-fourth of an hour. Then here on this table they tell us that our different days they tell us how many hours we slept. Day one we sl…
How To Get Rich
world won’t get there by making a social media platform. You aren’t Mark Zuckerberg. The reason these men got to where they are today is because they took a path that no one else ventured down. They made really stupid decisions that led to better decision…
Charlie Munger's Alibaba Confession at the Daily Journal Annual Meeting (2023)
This video is sponsored by Morning Brew. Sign up to their free daily newsletter via the link in the description. I regret Alibaba’s one of the worst mistakes I ever made. I got over charmed by the people who were leading in the online retailing, and I di…
Variance and standard deviation of a discrete random variable | AP Statistics | Khan Academy
In a previous video, we defined this random variable (X). It’s a discrete random variable; it can only take on a finite number of values. I defined it as the number of workouts I might do in a week. We calculated the expected value of our random variable …
Area density
In this video, we’re going to talk about density in the context of area. The simplest way of thinking about it is density is going to be some quantity per unit area. So, for example, let’s say that I have a football field right over here and I have anoth…