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move back to the States with a S#!t load of reps.
- Thread starter phoucku
- Start date
As a Canadian coming into the US often I can assure you that it would blow your mind if you knew how much you could potentially be taxed whenever crossing the border. It is almost never enforced to the full extent of the law except in very extreme cases. Bringing in a watch collection that appears to be worth hundreds of thousands would qualify as an extreme case.
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So your saying in the states and Canada that you get taxed when you purchase a new item and if you sell a second hand item or move to America you will get taxed for goods already bought and used elsewhere? If that's the case that's double dipping.
How does it work in the states and Canada? When you sell something second hand the new buyer gets taxed? Im confused how anyone would or could enforce this.
I know in Australia this is not the case. You do NOT pay tax on used or second hand items.
How does it work in the states and Canada? When you sell something second hand the new buyer gets taxed? Im confused how anyone would or could enforce this.
I know in Australia this is not the case. You do NOT pay tax on used or second hand items.
There's only taxes and duties when crossing the border. Ever flown to another country and been asked if you have more than $10,000 cash with you? It seems like a stupid question, but it's because there's a limit to the value of stuff you can bring into a country without being taxed. It has nothing to do with being new or used.
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- 30/3/08
- 43,964
- 20,446
- 113
Not quite true, try bringing in a used car, boat or aircraft . . .
At any rate it's duty you are talking here not tax.
LOL.... I'm eventually moving back to the States full time and I have 30+ reps. I often travel there for the summer and carry 16 or so in a carry case.
If you are a bona fide resident overseas, there should be no tax issue. That's why there is a "residence" line on the customs form. The issue becomes when you're a resident of the USA and bringing things in.
If you are a bona fide resident overseas, there should be no tax issue. That's why there is a "residence" line on the customs form. The issue becomes when you're a resident of the USA and bringing things in.
One last question, need an opinion. So I decided not to take the chance and have $4000 of reps seized, so I will ship it back instead. Should I ship one at a time. Or is shipping 2 or more in a box more likely to be inspected by customs (x-ray and all)? Thanks
Shipping will cost you more, than a profit. And Customs will notice for sure.
Just drop this stupid idea, there's many other ways to become rich in a month time.
Just drop this stupid idea, there's many other ways to become rich in a month time.
- 9/9/07
- 3,460
- 3
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I still haven't heard a specific number. $4000 of reps could be 8 watches, or it could be 80. Why not tell us the quantity, and you'll get a good educated opinion? jesus, we're on like 6 pages of this already or something?
Put a couple in your suitcase, in one of those tube watch holders so it looks like it's personal use and wear ONE ON EACH WRIST. Your travel companions (if any) do the same.
Then you AND your travel companions (if any) all wear two each, one per wrist.
If they get suspicious about TWO watches on your wrists, tell them it's for the time difference, because you're really bad at maths!
Then you AND your travel companions (if any) all wear two each, one per wrist.
If they get suspicious about TWO watches on your wrists, tell them it's for the time difference, because you're really bad at maths!
just 10 reps and 2 gens with me, 12 watches total.. traveling just me and my lonesome.
Shipping will cost you more, than a profit. And Customs will notice for sure.
Just drop this stupid idea, there's many other ways to become rich in a month time.
profit??? wtf are u talking about?
Oh, sorry... My bad... You, of course, want to spend $4K on replicas just for your own enjoyment...
yes this is something that I do enjoy as a hobby, don't see it as a business endeavor that's all. to each their own I guess.
That's nothing. I think there's a good chance that you'd be fine carrying all of them. Otherwise, I wouldn't bother sending more than 6 to the States (3 packages of 2 watches) and carrying 4 in your luggage, 1 carry on, and wear one. Get a nice leather 4 watch carry case for your luggage, or just stuff them in your socks.
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Lol what? Maybe I'm an idiot, but that's not much more than what I've spent. Dammit, I just counted $2900 in my head.
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