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taxable

taxable

22 3.7
That you must pay tax on
  • adjective
  • /ˈtæksəbl/
translation icon : sujeto a impuestos
  • Any income you earn from working is taxable and must be reported to the government.
  • taxable income
  • taxable year
  • benefits became taxable

If you're being paid in Bitcoin, that's a taxable event.

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Examples

  • You do not need taxable income to qualify for the stimulus check.

  • Business losses are known as net operating losses, and net operating loss generally occurs when your tax deductions exceed your taxable income.

  • But taxable income is actually well reported.

  • That money is not taxable because you owe it.

  • And it all starts with your adjusted taxable income.

  • And that means first making an inventory of taxable resources.

  • The lifetime earnings for these additional citizens translate into $10 billion in taxable income.

    Academic text (2001)
  • Legislative changes in 1983 made Social Security benefits taxable for some recipients.

    Academic text (2007)
  • Tax incentives are attractive to taxable firms because they reduce tax otherwise payable.

    Academic text (1993)
  • Anytime you use or trade your virtual currency, that's a taxable transaction.

Antonyms

15 4.6

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

How Taxed

taxable
22 3.7
tax-exempt
15 4.6

Surface Forms

taxable positive

Morphology

taxable = tax (transparent) = tax + able

Formed regularly from the base 'tax' plus the productive adjective-forming suffix '-able', so the meaning 'subject to taxation' is directly derivable.

Etymology

Taxable comes from the simple word tax plus the ending -able, which means 'able to be'. The root tax comes from an old Latin word taxare meaning 'to estimate' or 'to charge', so taxable is something that can be charged a tax or is 'subject to tax'.