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
Ray Dalio: The World's Greatest Wealth Transfer Has Begun.
You can’t spend more than you are without getting into debt, and if you have debt, you have to pay back the debt. The only difference is you can print the money. So the question is, what ends that? Or is there no end to that? Legendary investor Ray Dalio…
A Grim Warning For All Investors
What’s up, guys? It’s Graham here. So originally, I had another video that was planned to post today, but with everything going on, I felt like it would be more appropriate to address everybody’s concerns and share my own thoughts about what’s actually ha…
Human Superpowers You Could Have Soon
You know monkey has been able to control the computer with its brain. Just yeah, so your brain is composed of neurons. Neurons connect together and form a network that can talk to each other through synapses. They’re the connection points between neurons,…
The reason why your life is so boring and how to change it
You wake up tired. You work for long hours. You come back home and rather doing something you truly enjoy, you either pick up your phone and turn on Netflix and simply waste your time. You already know hitting the gym, reading a book, or going for a simpl…
David Friedman. What About The Poor?
Some people have no money, no friends, and no assets. Would these people also have no rights in an anarcho-capitalist society? Now, if you have somebody with no money at all, and nobody who likes them is willing to help him out, he may not be able to affo…
I Vacuum Venom from the World's Deadliest Spider
[Derek] For some people, this room might be the scariest place on earth. Behind these black curtains are deadly spiders, (tense ominous music) hundreds of them. And what we’re gonna do is poke them, make them angry, and then suction the venom that appears…