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

See Examples For:

excess-profits tax

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

In the repeal of the excess-profits tax, industry found the bonanza it had hoped for.

From Time Magazine Archive

When the program began, said Humphrey, the excess-profits tax took up to 82% of corporate profits.

From Time Magazine Archive

The turkey that Mr. Morgenthau and his luncheon guests expect to cut so soon after the New Year will probably include a far meatier excess-profits tax, fatter taxes on corporation incomes, higher personal-income taxes.

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 A. A. (Alan Alexander) Milne