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
Should This Lake Exist?
This is the largest body of water in California. It is about 25 kilometers wide by 55 kilometers long. You can’t even see the other end of this lake. And it is home to the most diverse number of birds anywhere in the continental US besides Big Bend in Tex…
Breaking Into a Smart Home With A Laser - Smarter Every Day 229
(Smart Lock Opening) (Smart Lock Dings) - [Destin] It just worked. - [Ben] Yep. - Alexa, Okay Google, Hey Siri, set a reminder to subscribe to Smarter Every Day. You have a microphone listening to you in the room right now, what I just did probably worked…
Life Lessons College Didn't Teach You
My life completely changed in my final year of college. After spending the first 3 years as an introvert who only really went to school to get the best grades, I started communicating more with my professors and other students in my program. I started mak…
The Housing Market Is Going INSANE (40 Year Mortgages)
What’s up guys, it’s Graham here. So the banking industry is in deep trouble again, except this time it’s the entire housing market at risk. In just the last few days, bank lending has fallen by the largest amount ever on record, and the situation is gett…
Office Hours With Sal: Friday, March 20. Livestream From Homeroom
Is there a lag? Okay, stand by. Here we go. Hello! I think we are up now. So, uh, thanks for joining our, uh, morning live stream here at Khan Academy. We’re calling it something of a homeroom, a national homeroom, or international homeroom, I guess. Yo…
10 Stocks the Smart Money is Buying for 2021
[Music] Hey guys, welcome back to the channel! In this video, we’re going to be talking about the top 10 most bought stocks by the big investors of the world as we lead into 2021. You might ask, “Well, how the hell do you know that, Brandon?” And the reas…