Additional taxes levied on business income in times of national emergency, such as during a war.
Related information about excess profits tax:
- Excess profits tax - Wikipedia, the free encyclopedia
In the United States, an excess profits tax is a tax, some say excise tax, on any profit above a certain amount. A predominantly wartime fiscal instrument, the tax ...
- Excess Profits Tax Definition | Investopedia
A special tax that is assessed upon income beyond a specified amount, usually in excess of a deemed "normal" income. Excess profit taxes are primarily ...
- The Forgotten Legacy of the Excess Profits Tax | Dirt Diggers Digest
Jul 21, 2011 ... Behind all the ideological posturing going on in Washington over the debt ceiling, there is a surprising amount of consensus on the ...
- Excess Profits Tax - Financial Dictionary - The Free Dictionary
Excess Profits Tax. Also found in: Acronyms, Encyclopedia, Wikipedia, 0.01 sec. Excess profits tax. Additional federal taxes placed on the earnings of a business, ...
- Financing Defense: Is An Excess Profits Tax the Solution? | Tax ...
Executive SummaryThe excess profits tax rests on a basic philosophy which is fallacious. Its two general concepts—that average earnings in the past or a ...
- excess profits tax: Definition from Answers.com
extra federal taxes placed on the earnings of a business. Such taxes may be levied during a time of national emergency, such as in wartime, and are designed .
- excess-profits tax (finance) -- Britannica Online Encyclopedia
A tax levied on profits in excess of a stipulated standard of “normal” income. There are two principles governing the determination of excess profits. One, known ...
- Excess Profits Tax
The excess profits tax is not a major pillar in the Federal revenue structure. It had a place of outstanding importance during the war; it was afterward abandoned; ...