Excess profits tax


Additional federal taxes placed on the earnings of a business, used only in time of national emergency such as war.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Miller, Merton

Nobel Laureate and coauthor of the famous Miller-Modigliani theorems. Finance professor at the University of Chicago.

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