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Acronyms that contain the term excess profits tax
What does excess profits tax mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: excess profits tax.
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What does excess profits tax mean?
- Excess profits tax
- 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 was designed primarily to capture wartime profits that exceeded normal peacetime profits to prevent perverse incentives for manufacturers to engage in war profiteering and warmongering.In 1863 the Confederate congress and the state of Georgia experimented with excess profits taxes, perhaps, the first time it has happened in American history.
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"excess profits tax." Abbreviations.com. STANDS4 LLC, 2024. Web. 17 Jun 2024. <https://www.abbreviations.com/excess%20profits%20tax>.
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