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excess-profits tax

[ek-ses prof-its] /ˈɛk sɛs ˈprɒf ɪts/
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.
Origin of excess-profits tax
1910-15 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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  • He never tells me exactly, but he did speak once about the absurdity of the excess-profits tax.

    First Plays A. A. Milne

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