https://www.newsweek.com/venmo-government-national-debt-2103371
The federal government will accept Venmo payments from citizens who want to help pay off the national debt.

The Treasury has begun accepting Venmo transactions as contributions toward the national debt, which currently stands at $36 trillion.

Newsweek contacted the Treasury for more information on the decision via email.

The United States national debt surpassed $34 trillion in 2024, raising ongoing questions about deficit spending and fiscal policy. Amid these concerns, the U.S. Treasury has expanded citizens' options for making voluntary payments to reduce the public debt—including digital payment methods such as Venmo.

This adaptation signals a shift toward digital-first government services and highlights efforts to engage younger, tech-savvy Americans in public finance, a group that the second Trump administration is keen to appeal to.

The Bureau of the Fiscal Service, part of the U.S. Department of the Treasury, allows individuals to make voluntary contributions to help reduce the public debt.

Gifts can be made via U.S. government platforms such as Pay.gov, with payments accepted in the form of money, outstanding government obligations, or other intangible personal property, according to TreasuryDirect.gov.

After discussions in May, citizens can also now use modern digital payment tools including PayPal and Venmo to facilitate these transactions alongside more traditional methods such as credit cards or direct transfers.

To contribute, individuals can visit the Pay.gov portal and select their payment method. On Pay.gov, users can fill out the required forms and submit donations using Venmo, enabling real-time payments from their mobile devices.

The Treasury's monthly reports indicate that such gifts remain modest in scale; in fiscal year 2022, Americans contributed a total of $180,310.32 in voluntary donations toward reducing the national debt.

The Venmo Help Center's policy page on government payment reads: "Your Venmo Direct Deposit account can be used to receive Direct Deposit funds from many sources, including the government.

"You can provide your Venmo Direct Deposit account number to the government for unemployment payments, tax refunds, Social Security payments, and more. Venmo's Direct Deposit feature allows for recurring payments, such as unemployment funds, or one-time payments, such as tax returns.

"When providing your Direct Deposit details to an employer or other issuer, please be sure to confirm your account and routing numbers as they appear in your Venmo app."

Rabin Sawh, Regional Vice President of Catalis Payments, said in May: "Offering Venmo as a payment option indicates that governments understand and respect these preferences, making it easier for constituents to interact with civic systems online."

The growing adoption of mobile payment methods by public agencies may pave the way for further digitization of government services and increased transparency in public finance.

Reminder the Federal Reserve is a privately owned for profit bank.

Libertarians For Trump!

Here's $5, do you have change for a $20? If not, lend me $25 and I'll pay you $30 next year

>>1422479
Granny, crack open that piggy bank
I'll donate 1/1000000th to whatever you pay.

>>1422456 (OP)
The broken clock that is Trump is still right occasionally.
Having citizens venmo money is absolutely retarded, but generally encouraging citizens to donate isn't a bad idea altogether.

1. Donate extra money during Taxes
2. IRS tracks yearly donations and lifetime donations
3. There's a leaderboard

Having politicians that claim to care about the national debt also bragging about donating 5k a year for 20 years is still a worthless drop in the bucket, but at least they'd put their money where their mouth was and there would be 50k less in national debt.

>>1422538
someone has to make up for the top 0.1% who pay zero taxes.

>>1422541
>the top 0.1% who pay zero taxes.
This only exists in your headcanon and party propaganda. In reality:
>The top 1 percent’s income share rose from 22.2 percent in 2020 to 26.3 percent in 2021 and its share of federal income taxes paid rose from 42.3 percent to 45.8 percent.
>The top 50 percent of all taxpayers paid 97.7 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 2.3 percent.
1% of the US population earns 26% of its yearly income and pays 46% of all federal income taxes paid to the government in a year.
Not sure what today's numbers are but they can't be radically different than a couple years ago

>>1422544
To point out the obvious, the concentration of wealth in the top 1% keeps increasing, so no matter what they are paying, it clearly isn't enough.

It's almost like "income" and "income tax" aren't a good metric by which to judge whether we have a fair distribution of wealth/taxes in this country.

>>1422546
>the concentration of wealth in the top 1% keeps increasing, so no matter what they are paying, it clearly isn't enough
That's one way to look at it. Punish the people who succeed. The other way to look at it is to give lower income people more opportunities to succeed, such as lowering the barrier of entry for them running their own enterprise, or stopping corps from hiring oceans of Indians instead of Americans.

Honestly I'd prefer all of the above

>>1422555
Unfortunately a lot of the people at the top are far too shortsighted to do either of those things or they benefit from it too much.

>>1422555
Republicunts just want to own slaves again.
They don't care who, so if you're not willing to work for free and vote GOP you're voting for more cheap immigrants

>>1422562
As opposed to the DNC who ran two candidates in a row on "Boarders are racist"? Face it, there's a uniculture at the top who do not behold to what we want and huge swaths of us who are single issue voters— the issue being "I hope the government gives me more bread crumbs."

>>1422567
Good post

>>1422567
Where do you people get this shit from?

In the 1950s, the top rate of tax was 91%.
Who was president then, what was the letter after his name, and was he a single term-er or was so highly thought of that he was voted in twice by the US electorate. if he was voted in twice, why was he, when that was the top rate of tax?

>>1422555
>punish the people who exploit the life and labor of poor people, steal all the natural resources out of the ground and sell it back to us and use public infrastructure without replacing it

You people are so lost, we should all own the businesses we work at.

>>1422583
Huh I wonder which countries have tried that strategy in the past
>Yugoslavia 1945-1991
>Venezuela 2000-2010
>Libya 1977-2011
Man, that strategy has kind of a bleak track record, honestly

>>1422456 (OP)
Why would a person do this? Clearly yet another grift.

>>1422456 (OP)
That’s fucking pathetic.

>>1422586
>strategy
No, the strategy was for larger more powerful countries destabilize and or sanction the attempts to organize.

America was less of a shithole when union membership was at its highest AKA getting a return on your labor and time instead of burning yourself to death in the name of capitalism.

>>1422544
>This only exists in your headcanon and party propaganda. In reality:
They love paying taxes.
The rich bribe politicians so they can pay MORE in taxes they love it so much.

>Irrespective
Clinton balanced the budget and the main expenditures under Obama and Biden were cleaning up the messes of Bush and Trump.

>>1422612
>They love paying taxes.
Just no.
They want to keep their money.
If they pay taxes, it's jut because they can't avoid it.

>>1422586
Yikes. Not looking good but we will be lied to that the economy is doing great. How long can the illusion of financial stability hold fo you think? The fun answer is "2 more weeks".

>>1422634
>their money
The worker needs to own the means of production so that we are fairly compensated for our work and energy.

>>1422544
you srsly gonna try to pass bill gates et al off as paying taxes clown. bill gates dumps his taxes back into his own charity the bill and melinda gates founding which he using for things such as politically clout to make more money buy up farmland to make gmo and other mad scientist playing god bs. not only that but gates also petitions the government for some of your taxes to also enrich his charity. he is one of the owners of the government obviously and you are just serfs. there should really be more hearings on what constitute charities but we all know that given such known organinizations as scientology (which is do not think is totally evil either btw but gates is)