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.

---

Etymology

Origin of excess-profits tax

First recorded in 1910–15

Example Sentences

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

From Time Magazine Archive

Part of the money to equip her factories with the best foreign machinery will come from a steep excess-profits tax which may be avoided by putting twice the amount into government-issued "equipment certificates."

From Time Magazine Archive

To do this, said Hopkins, the Administration should: � Remove the excess-profits tax as "soon as the threat of inflation" vanishes.

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

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)