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Simple English definitions for legal terms

excess-profits tax

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A quick definition of excess-profits tax:

An excess-profits tax is a type of tax that the government charges to businesses or individuals who make more money than they usually do. It is an additional tax on top of the regular taxes that people or businesses have to pay. The purpose of this tax is to generate more revenue for the government and to prevent people or businesses from making too much profit.

A more thorough explanation:

An excess-profits tax is a type of tax imposed by the government on businesses that earn more than a certain amount of profit. The tax is designed to prevent companies from making excessive profits during times of war or other emergencies.

For example, during World War II, the United States government imposed an excess-profits tax on businesses that earned more than a certain amount of profit. The tax was intended to prevent companies from profiting too much from the war effort.

Another example of an excess-profits tax is the windfall profits tax that was imposed on oil companies in the 1980s. The tax was designed to prevent oil companies from making excessive profits due to the increase in oil prices.

These examples illustrate how excess-profits taxes are used to prevent companies from making excessive profits during times of emergency or when prices are artificially high.

excess policy | excess reinsurance

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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