excess-profits tax

American  

[ek-ses prof-its] / ˈɛk sɛs ˈprɒf ɪts /

noun

1. a tax on the profits of a business enterprise in excess of the average profits for a number of base years, or of a specified rate of return on capital.

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Etymology

Origin of excess-profits tax

First recorded in 1910–15

Example Sentences

See Examples For:

excess-profits tax

Similarly, while corporate earnings before taxes dropped at an annual rate of $5 billion, declining income-tax payments and the death of the excess-profits tax cut corporate taxes by almost the same amount.

From Time Magazine Archive

Now, practically nobody bothers to talk much about how many dollars an excess-profits tax might collect.

From Time Magazine Archive

They put in a movement for the excess-profits tax for the manufacturers, which in our shops saved them $200,000 in this last year.

From Time Magazine Archive

Sales of $2.6 billion were 7% below record 1953, but net earnings, helped by the death of the excess-profits tax, reached $236 million, up 47% from a year ago and second highest in company history.

From Time Magazine Archive

And, as I think I've told you before, the excess-profits tax seemed to me a singularly stupid piece of legislation—but I paid it.

From First Plays by Milne, A. A. (Alan Alexander)