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
16 Shonen Anime Recommendations from a Japanese Otaku Girl🇯🇵
Hi guys, it’s me, Judy. Today I’m back with another video which was highly, highly, highly, highly, highly requested from you guys, which is my favorite animes and my recommendations. Basically, [Music]. So before even talking about my recommendations, j…
The Untold Truth About Money: How to Build Wealth From Nothing.
Narrator: Let this circle represent $1,000,000. This is what ten million dollars would look like. This is what one hundred million dollars would look like, and this is what 1 billion dollars would look like. Jeff Bezos, the founder of Amazon, has a net w…
Politicians Are Ripping You Off.
In late 2023, Congresswoman Nancy Pelosi and her venture capitalist husband made a significant investment in Nvidia, a company known for its work in artificial intelligence and semiconductors, and also known for being the S&P 500’s best performing sto…
Systematic random sampling | AP Statistics | Khan Academy
In this video, we’re going to talk about random sampling, which we’ve already talked about in other videos. We’re going to compare what we already know about simple random sampling to a new type of random sampling that we’re going to introduce in this vid…
Setting Up Camp in a Tree | The Great Human Race
2.4 million years ago, before humans had weapons or fire, Homo habilis retreated into the safety of trees to escape predators at night. Sounds almost like a hyena. “We have like minutes left really. I think it’s high enough.” “I mean, are you stable tho…
Charlie Munger's 6 Secrets for a Successful Life
And another thing that people do, like bear guard is amazing, is they build these enormous mausoleums. I think they figure they want people to walk by that mausoleum and say, “Gosh, I wish I were in there.” Let me tell you another story that I think is a…