Top all-time · #11349
HodgenLaw PC
Company blog · hodgen.com · on HN as philiphodgeneconomicspolitics
HodgenLaw PC is the company blog at hodgen.com, writing about economics and politics. Since 2011, 7 different Hacker News readers have linked it 9 times, most often “Citizenship-based taxation: Does the United States stand alone?”. No feed was found, so read it on the site itself.
Too few sampled comments (4) to say how often HN recommends it.?
Why HN links it
HN readers link this blog for posts on US citizenship and taxation, such as taxing citizens who live abroad, exit taxes on renouncing citizenship, and why expat Americans give up their passports.
Summarised by Claude from a sample of 4 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Most-linked posts?
- Citizenship-based taxation: Does the United States stand alone?3 people · 3 mentions · first linked 2014-03-13
What Hacker News says?
That's not true; they are in fact citizens under US law. They may not have an SSN or a passport, but neither is a condition for citizenship. Also, at least from a tax perspective, if you plan on remaining a US citizen, you might benefit from getting SSNs for your kids so you can claim the child tax credit and stimulus payments for 2021. And if they don't want to be citizens, renouncing citizenship in the 6 months im…
Comment linking /expatriation-between-age-18-and-18-12/
on “Wealthy people are renouncing American citizenship”Submitted Foreign startup, US venture capital, and taxation as a story · 7 points
HN discussion1. You're assuming redistribution wouldn't happen through heavy taxation of existing capital and property, like France's wealth tax[1], where you pay when your worldwide net worth is above 1,300,000€. 2. The US taxes citizens regardless of where they live[1], and in the case of renouncing the US citizenship it is required you pay an exit tax[2] equivalent to the capital gains of selling all your property when above…
Comment linking /does-the-united-states-stand-alone/
on “The Software Revolution”Submitted Citizenship-based taxation: Does the United States stand alone? as a story · 2 points
HN discussionIt is, effectively, the only country in the world that does this. It's shameful. http://hodgen.com/does-the-united-states-stand-alone/
Comment linking /does-the-united-states-stand-alone/
on “Why you might not want to incorporate in the USA”Submitted An entrepreneur gives up his green card as a story · 2 points
HN discussionAmerican citizens have to pay $2,350 to renounce citizenship? What kind of paperwork costs that much? (Or, why not just add more paperwork and charge $100K?) http://www.greenbacktaxservices.com/blog/renouncing-us-citiz... > 1. Consular officers must confirm that the potential renunciant fully understands the consequences of renunciation, including losing the right to reside in the United States without documentation…
Comment linking /renunciation-interviews-intense/
on “Why expat Americans are giving up their passports”For a perspective on why H1-B people might want to flee the United States because of execrable tax policy, you can check out this post and comments on my blog: http://hodgen.com/hb-person-need-of-fbar-assistance/ tl;dr - if you have more than $10K in a foreign bank account you have to file a tax form. If you don't file such a form, horrific penalties ensue. H1-B workers frequently have accounts in their home countri…
Comment linking /hb-person-need-of-fbar-assistance/
on “Why Immigrant Entrepreneurs Are Leaving the U.S”This is what I do in my day job. International tax lawyer. There are two taxes that you are talking about: income tax and Social Security tax. First, income tax. Because you live in Spain, you must pay income tax to Spain on your income. The source (a U.S. company) is irrelevant. You are a Spanish resident performing services in Spain. Because you are a U.S. citizen you must pay income tax to the USA. The fact that…
Comment linking /how-digital-nomads-can-avoid-paying-social-security-tax/
on “Ask HN: Digital nomad taxes – which country to pay in?”