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excess profits tax
(redirected from Excess profit tax)

   Also found in: Encyclopedia, Wikipedia 0.04 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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