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excess profits tax
(redirected from Excess Profits Tax of 1950)

    Also found in: Encyclopedia, Wikipedia 0.01 sec.
Excess profits tax
Additional federal taxes placed on the earnings of a business, used only in time of national emergency such as war.
excess profits tax
A temporary tax levied on business profits during a period of national emergency. For example, the federal government may levy an additional corporate income tax during wartime to generate extra government revenues.
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