prebate
n.— «Malaker said one of the main reasons the plan is called the “fair tax” is because of what is called the “prebate.” The FairTax prebate is a tax rebate—paid a month in advance by the government—on purchases of items up to what the U.S. Department of Health and Human Services sets as the poverty level.» —“Pachyderm Club guest looks at FairTax Plan benefits” by Jacob Hatfield Marshall Democrat-News (Missouri) April 21, 2009. (source: Double-Tongued Dictionary)
Further reading
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