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

But why, asked Fulbright, did G.M. not cut its prices when the excess-profits tax expired?

From Time Magazine Archive

Except for an excess-profits tax, most of the proposals before Congress would do little to increase the tax liabilities of international oil companies.

From Time Magazine Archive

The five points: �Extend the excess-profits tax on corporations six months from next June 30, the scheduled expiration date, and let it expire next Jan. 1.

From Time Magazine Archive

The President, however, let it be known that he still opposes an excess-profits tax and then resumed campaigning in support of his measures.

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)