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tax-exempt

[taks-ig-zempt] /ˈtæks ɪgˌzɛmpt/
adjective
1.
not subject or liable to taxation:
tax-exempt imports.
2.
providing income that is not taxable:
tax-exempt municipal bonds.
noun
3.
a tax-exempt security.
Origin of tax-exempt
1920-1925
1920-25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for tax-exempt
Contemporary Examples
Historical Examples
  • The tax-exempt organizations have a vested interest in the oppressive, inequitable, and wasteful federal-income-tax system.

  • These accumulations of tax-exempt billions place a heavier burden on taxpayers.

  • The yield of tax-exempt securities at prevailing prices ranges from 3-1/2% to nearly 4-1/2%.

    War Taxation Otto H. Kahn
  • As the income tax rate decreases, the yield from tax-exempt securities diminishes proportionately.

    War Taxation Otto H. Kahn
British Dictionary definitions for tax-exempt

tax-exempt

adjective
1.
(of an income or property) exempt from taxation
2.
(of an asset) earning income that is not subject to taxation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Value for tax

10
10
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