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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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