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
2035: The Point of No Return
[Music] In some of the most popular films, writers will often use a point of no return to force their main character into action. It’s a point in the story where the protagonist can’t return to their former life without going through trials that bring int…
Can Our Universe Destroy Itself? #shorts
Can our universe destroy itself? Everything in the universe strives to be in the most stable state possible. For example, a ball on top of a hill is in an unstable state. When pushed, it will roll downhill, lose its potential energy, and end up in a stabl…
Partial derivatives, introduction
So let’s say I have some multivariable function like f of XY. So it’ll have a two variable input is equal to I don’t know x^2 * y plus s of y, so it’ll output just a single number. It’s a scalar valued function. Question is, how do we take the derivative…
How to Build a Startup Without Funding by Pieter Levels @dojobalicoworking3342@ Dojo Bali
(Clapping) I’ve done a lot of building startups and side projects in the last four years. They’re mostly bootstrapped, and bootstrapped means that you build a business without any funding. So you don’t go to San Francisco. You don’t get venture capital fr…
Legendary Ships 100 Years Apart | National Geographic Documentary Films
This ship sank more than 100 years ago, and this is how its modern equivalent found the wreck. I’m historian Dan Snow, and I was privileged to be on board Aulus 2 on our mission to find Endurance’s wreck. Endurance was just 144 ft long; Aulus is three ti…
The Biggest Investing Opportunity of Your Life
Over the past 10 to 15 years, it’s fair to say that when it comes to financial markets, we’ve had it fairly easy. In the past 10 years, the earnings of the S&P 500 have roughly doubled, and the price has tripled. The highest federal funds rate we’ve s…