[ ek-ses -prof-its ]
/ ˈɛk sɛs ˈprɒf ɪts /
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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Origin of excess-profits tax
First recorded in 1910–15
Words nearby excess-profits tax
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020