- capable of being taxed; subject to tax: a taxable gain.
- Usually taxables. persons, items of property, etc., that are subject to tax.
Origin of taxable
late Middle EnglishRelated formstax·a·bil·i·ty, tax·a·ble·ness, nountax·a·bly, adverbnon·tax·a·bil·i·ty, nounnon·tax·a·ble, adjective, nounnon·tax·a·ble·ness, nounnon·tax·a·bly, adverbun·tax·a·ble, adjective
word dating back to 1425–75;
see origin at tax
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for nontaxable
- capable of being taxed; able to bear tax
- subject to tax
Derived Formstaxability or taxableness, nountaxably, adverb
- (often plural) US a person, income, property, etc, that is subject to tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin and History for nontaxable
"subject to taxation," late 15c., from Anglo-Latin taxabilis; see tax (v.) + -able.
Online Etymology Dictionary, © 2010 Douglas Harper