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Q: Why not declare my money at the airport?
I am a regular person (i.e. not a drug dealer) who earned their money through teaching English at a public school. I keep hearing about people returning to the US with over 10,000 USD without declaring it, and then hoping for the best as far as it not getting taken away at customs. Is there any reason why I wouldn't want to declare my money at the airport?
11 years 5 weeks ago in Money & Banking - China
Answers (1)
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Anything over 10k gets counted as income, and must be taxed. I think.
Why not just wire money home?
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11 years 5 weeks ago