This is exactly what the government is doing for many small business owners who set up tax-qualified retirement plans.
Businesses establish retirement plans to attract and retain qualified employees.
For smaller businesses, an additional attraction is the tax incentive provided by the U.S. government to encourage retirement savings. Let's look at an example to see just how valuable this tax incentive can be. The money went into a trust fund where it will accumulate tax-free until it is paid out as retirement benefits. Fast-forward 20 years. Also not bad.