Goal
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Help with Federal Deficit
Idea
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New OPTIONAL 'Good Faith Tax' via employment W-4 form to withhold a fixed dollar amount or percentage of wages chosen by the employee. Said amount that is withheld is placed in general fund strictly for use to reduce Federal Deficit.
Possible Incentives
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- If employer matches employee withholding, possible small % tax credit.
- If Government spending shows decline from previous year - small % of 'Good Faith Fund' can be used for program to allow citizens to send money to government strictly for debt payoff.