taxable

[tak-suh-buhl]

adjective

1. capable of being taxed; subject to tax.

   a taxable gain.

noun

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

ˈtaxable

/ ˈtæksəbəl /

adjective

1. capable of being taxed; able to bear tax

2. subject to tax

noun

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

Other Word Forms

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

Word History and Origins

Origin of taxable¹

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

Example Sentences

At Social Security’s inception, the payroll tax was set at a rate that would cover about 92% of taxable wage earnings.

From Los Angeles Times

Withdrawals from inherited retirement accounts are usually taxable as income, and most non-spouse inheritors must drain a retirement account within 10 years.

From Los Angeles Times

This winter, it will go to all pensioners in England and Wales who have an annual taxable income of £35,000 or less.

From BBC

Conversions are taxable, but Roths don’t have required minimum distributions and future withdrawals from Roths can be tax free.

From Los Angeles Times

You’ll determine your potentially taxable capital gains by deducting your tax basis from your home sales proceeds.

From Los Angeles Times

Related Words

• payable