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

Word History and Origins

Origin of ˈtaxable¹

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

Example Sentences

“Lifetime gifting allows donors to transfer wealth to beneficiaries, to some extent without tax consequence. And if gifting is done properly, it also shrinks the giver’s taxable estate.”

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ETFs also have tax advantages, including accounting rules that make them less likely to distribute taxable capital gains than traditional open-ended mutual funds.

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Reported taxable income by wealthy denizens who didn’t leave also declined, perhaps because they used other means to shield their income from higher taxes or reduced their business activity in the state.

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This does not include any other taxable income, such as withdrawals from traditional retirement accounts.

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Net interest income on a fully taxable equivalent basis rose to $15.4 billion, topping guidance, the analysts say.

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Related Words

• payable