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{{UStaxation}}
In the [[United States]], an '''excess profits tax''' is a tax, some say [[excise tax]], on any [[Profit (accounting)|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 incentive]]s for manufacturers to engage in [[war profiteering]] and warmongering.{{According to whom|date=August 2018}}
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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