excess-profits tax

[ ek-ses prof-its ]

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.

Word History and Origins

Origin of excess-profits tax¹

First recorded in 1910–15

Example Sentences

Six days ago individual income taxes were reduced and the excess profits tax expired.

From Project Gutenberg

He never tells me exactly, but he did speak once about the absurdity of the excess-profits tax.

From Project Gutenberg

It now pays forty-four per cent after deducting the excess profits tax.

From Project Gutenberg