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

Retorted Engineers: yes, but it would also slash their excess-profits tax base, thus boost taxes and hamstring earnings.

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

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

Says Pechman: "An excess-profits tax is an invitation to corporations to spend money like water to get out from under it �by paying huge salaries or bonuses or even making misguided investments."

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)