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...
prebate n.— «Because poorer people tend to spend a greater share of their income than the wealthy, economists generally consider sales taxes as regressive. The proposal would buffer that burden by pairing the new tax with a system of...