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taxable

[tak-suh-buh l] /ˈtæk sə bəl/
adjective
1.
capable of being taxed; subject to tax:
a taxable gain.
noun
2.
Usually, taxables. persons, items of property, etc., that are subject to tax.
Origin
late Middle English
1425-1475
1425-75; late Middle English; see tax, -able
Related forms
taxability, taxableness, noun
taxably, adverb
nontaxability, noun
nontaxable, adjective, noun
nontaxableness, noun
nontaxably, adverb
untaxable, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for taxable
  • It generates income for local vendors, taxable revenues for the host government, and creates jobs.
  • Your estate taxes will be reduced because proceeds are removed from your potential gross taxable estate.
  • Please let me know if either of us has taxable income to report as a result of these transactions.
  • Their task is to tax persons and organizations and in the process expect full disclosure of taxable amounts.
  • These will also reduce your taxable income because this is taken out before you pay tax on your salary.
  • The biggest catch is that retirement income which is tax-free in one country might be taxable in the other.
  • Now a substantial portion of its operation is taxable.
  • Gamblers' winnings are entirely taxable while their losses are seldom fully deductible.
  • They can deed a portion to you up to the taxable amount each year.
  • In the long run, however, accounting profits and taxable profits should generally correspond.
British Dictionary definitions for taxable

taxable

/ˈtæksəbəl/
adjective
1.
capable of being taxed; able to bear tax
2.
subject to tax
noun
3.
(often pl) (US) a person, income, property, etc, that is subject to tax
Derived Forms
taxability, taxableness, noun
taxably, adverb
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 taxable
adj.

"subject to taxation," late 15c., from Anglo-Latin taxabilis; see tax (v.) + -able.

Online Etymology Dictionary, © 2010 Douglas Harper
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