HomeDefinitionsCompareDebt Excess profits taxThe financial definition for Excess profits tax:Additional federal taxes placed on the earnings of a business, used only in time of national emergency such as war. Similar MatchesAccumulated profits taxAccumulated profits taxA tax on earnings kept in a firm to prevent the higher personal income tax rate that would obtain if profits were paid out as dividends to the owners. Pretax earnings or profitsPretax earnings or profitsNet income before federal income taxes are subtracted. Click to compare definitions of Excess profits tax Click to view definitions beginning ex |