excess-profits tax

[ 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.

Origin of excess-profits tax

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019