What does the cryptic crossword clue "No more old tax surplus (6)" mean?

The definition is "surplus". The wordplay uses a charade (building blocks). EX (abbreviation="old") + CESS (synonym="tax") = EXCESS; definition: "surplus" The answer is EXCESS.

No more old tax surplus (6)

Guardian Cryptic #29036 | 19 Across | 2023-04-05 flower

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