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Glite Dictionary
untaxable

untaxable

1 5.0
Not required by law to pay tax
  • adjective
  • /ʌnˈtæksəbl/
translation icon : exento de impuestos
  • Many investors prefer untaxable returns on their savings accounts to maximize their profits.

Examples

  • The government allows certain types of gifts to be untaxable if they fall under a specific limit.

  • Meanwhile, neither are your transactions truly untaxable.

    Blog text (24)

  • To myself, I make a qualification about applying the term "untaxable" to Bitcoin transactions.

    Blog text (24)

  • Certainly, when transactions stay entirely within the Bitcoin realm online, they will be untraceable and untaxable.

    Blog text (24)

  • So, yes, Bitcoins are untaxable online, but they most definitely are taxable in the kind of real-world situation most people will eventually be tempted to use them for.

    Blog text (24)

  • Nonprofit organizations often receive untaxable donations, which help them fund their activities.

Synonyms

exempt
vsuntaxable
71 4.4

Not required to do something others must do, for example paying tax

is specifically about not having to pay tax by law
tax-free
vsuntaxable
27 2.9

The government does not take money from something you buy or money you earn

is the broader legal condition not limited to sales
tax-exempt
vsuntaxable
15 4.6

You do not have to pay tax on income or a purchase

is the same status but is the standard legal phrasing
nontaxable
vsuntaxable
  • Specialized
1 4.2

The government does not make you pay money for it

is broader meaning not required to pay tax in general

Antonyms

taxable
22 3.7

That you must pay tax on

How Taxable

taxable
22 3.7
untaxable
1 5.0

Surface Forms

untaxable positive

Morphology

untaxable = taxable (transparent) = un + tax + able

The meaning is clearly derived from 'taxable' by adding the prefix 'un-' to indicate the opposite.

Etymology

The word untaxable is made of un- meaning 'not', tax meaning 'a payment to the government', and -able meaning 'can be'. So untaxable literally means 'not able to be taxed', which is why we use it for money or things you do not have to pay tax on.