Oh Congress...

So... we're stilling having issues with SOPA apparently. They tried "adjusting it", but it's pretty clear that men hired and trained to work in congressional offices and pass bills of legislation aren't necessarily the most high-tech, computer-savvy individuals on the planet. If you asked a random congressman what a Tumblr was, he'd probably sue you.

Congress had good intentions, but it's best to leave the details are more literal implications of a bill to experts in the field it would effect.

In other news, Mitt Romney was recently questioned about his tax returns. He usually pays about 15% of his total income on taxes, even though most people are paying 35% right now I believe. Most of this is due to the fact that he has offshore accounts which he calls "investments" in the Cayman Islands.

When I heard about all of this I was like, "Well yah, what did you think he was going to do, put it all in the bank?"

Most people who make over $300,000 a year are very smart about where they put their money. They will probably have an amount in the bank that would last them 6 months -just have some quick liquid cash. But the rest would be stored away like a squirrel collecting nuts. Some would be put in "safe stocks", mutual funds, life insurance... a diverse portfolio of places. That would be the typical method of tax evasion by way of masking your money from the IRS in a way that is still legal. But Mitt took it one step further and actually put his money in foreign banks that operate by different rules tan our federal government. Basically these banks get big accounts from people in other countries and they put the money in their vaults, promising not to release any  information of their accounts to any inquiring federal government.

Mitt isn't to blame, after all he was probably just told to put the money there because that's where all the other rich people put their money. If anyone, rich or poor, could hide there money in a place the IRS couldn't see -most people would. Hence the reason some people put their cash in piggy banks and mattresses. So the problem isn't rich people, it's the loopholes that need to be closed so they can be taxed fairly like everyone else.