taxability
1
7.8
- noun
- /ˌtæksəˈbɪləti/
- Specialized
- Experts are debating the taxability of cryptocurrency gains in the current economic climate.
Examples
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Supreme Court raises questions about the taxability of personal injury awards.
Academic text (1995) -
This analysis impacts both the taxability and the tax rate for the income: effectively connected income is taxed at ordinary rates while only certain non-effectively connected income is taxed at a flat 30% rate or, in some circumstances, not subject to U.S. taxes at all.
Academic text (2018) -
Though arguments can be made for traditional authorities' intimate knowledge of constituents' taxability (household size, relative wealth), it is a mistake to hold them personally responsible for tax collection.
Academic text (1993) -
The taxability of judgments will have to be determined on a case-by-case basis, which will necessarily increase the judiciary's workload.
Academic text (1995) -
This language represented an important shift in the Supreme Court's thinking on this issue, from broad exemption of state activities from federal taxation to beginning to recognize a distinction between the taxability of governmental versus proprietary activities of the states.
Academic text (2017) -
The recent law change clarified the taxability of various forms of income under federal law.
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The taxability of business expenses must be carefully evaluated to ensure compliance with tax regulations.
Synonyms
The fact that land or property can be taxed by local government
How Taxable
Surface Forms
Morphology
Etymology
The word taxability comes from the common word tax, meaning a charge the government asks for, plus the parts -able meaning 'can be' and -ity meaning 'state'. So, taxability is the 'state of being able to be taxed', which is why we use it to talk about whether something must be taxed.