taxable

American  

[tak-suh-buhl] / ˈtæk sə bəl /

adjective

1. capable of being taxed; subject to tax.

   a taxable gain.

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noun

1. Usually taxables. persons, items of property, etc., that are subject to tax.

ˈtaxable British  

/ ˈtæksəbəl /

adjective

1. capable of being taxed; able to bear tax

2. subject to tax

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noun

1. (often plural) a person, income, property, etc, that is subject to tax

Other Word Forms

• nontaxability noun
• nontaxable adjective
• nontaxableness noun
• nontaxably adverb
• taxability noun
• taxableness noun
• taxably adverb
• untaxable adjective

Etymology

Origin of taxable

late Middle English word dating back to 1425–75; tax, -able

Example Sentences

Your taxable income in retirement affects how much you pay for Medicare and how much of your Social Security is taxed.

From MarketWatch

The older the account is, the more likely it is that every stock in it may have a taxable gain.

From Barron's

Moreno, however, supported the idea of eliminating the taxable maximum, which is the cap on earnings subjected to Social Security payroll taxes.

From MarketWatch

Withdrawals for accounts with no contributions beyond the $1,000 seed money would be fully taxable.

From The Wall Street Journal

In California, state legislators are debating how to protect residents and natural resources without creating so much red tape that developers go elsewhere, taking their jobs and taxable earnings with them.

From Los Angeles Times

Related Words

• payable