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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.


Etymology

Origin of excess-profits tax

First recorded in 1910–15

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

To do this, said Hopkins, the Administration should: � Remove the excess-profits tax as "soon as the threat of inflation" vanishes.

From Time Magazine Archive

Says Pechman: "An excess-profits tax is an invitation to corporations to spend money like water to get out from under it �by paying huge salaries or bonuses or even making misguided investments."

From Time Magazine Archive

No excess-profits tax has been levied on U.S. corporations since the Korean War.

From Time Magazine Archive

The death of the excess-profits tax, easy money, and the prospect of continued fat dividends as well as lower taxes on them�have also made stocks look like better buys.

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)

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