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

Corporate profits, helped by the death of the excess-profits tax, totaled $17 billion in 1954, down 6% from 1953, but 100% above the 1929 level.

From Time Magazine Archive

But in the Transamerica fold they have millions of working capital at their corporate fingertips, and the tax shield of Transamerica's hefty excess-profits tax exemption.

From Time Magazine Archive

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

From Time Magazine Archive

A company will have the privilege of choosing by which of two methods it wishes to have its excess-profits tax computed.

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)