My name is Daniel Smith and this is part of the continuing forfeiture fighter series of videos that's being sponsored by San Diego defenders today we'll be talking about just generally about why all these forfeitures are happening why is the government taking so much money and by the government I mean the United States government currently, the United States government is taking 2.7 billion dollars per year in forfeitures in assets and properties of people of foreign nations and of the United States citizens as well. Now what's causing all of that? Part of the reason is that there is a $15,000 excuse me $15,000 pesos per month deposit tax that is levied upon Mexican citizens or citizens that have peso accounts in Mexico so what does that mean if you deposit $15,000 pesos per month you are taxed 3%. Fifteen thousand pesos is about 1400 dollars at the rate of 13 pesos per dollar as an exchange rate so what is this causing to happen? Well, many people are storing their money or stuffing it in their mattresses in order to avoid the 3% tax. Nobody likes taxes, nobody likes taxes that are hard to explain, so should you be penalized for depositing pesos or currency in a bank? That's part of the problem. So you get these good citizens of Mexico that are stashing their money and will invariably come across the United States border. I have a diagram screws that may be yours United States border driving across the border with their car, and they might be coming across and is simply coming across the border talking to an agent an u.s. customs agent, and they might declare, “I have $9,000 in US currency that I'm bringing across the border.” Well, unfortunately, the what's happening is...
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About Cbp Form 258
CBP Form 258 is a Document Verification Request form used by U.S. Customs and Border Protection (CBP) to verify and authenticate documentation provided by individuals seeking admission into the United States. This form is usually used by a referring entity, such as a government agency or employer, to request that CBP verify that the presented documents, such as passports, visas, and other identification documents, are valid and authentic. The form can also be used to verify documents for employment or licensing purposes. Anyone who needs to verify the authenticity of a document for official purposes may use CBP Form 258.
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