taxable
UK: ˈtæksəbl̩ | US: ˈtæksəbl̩
adj. subject to taxation; capable of being taxed
adj. (of income, goods, etc.) legally requiring payment of tax
taxable = tax<levy, charge> + able<capable of>
- tax: From Latin taxare ("to assess, handle, charge"), influenced by Old French taxer ("to impose a tax"). Originally implied estimation or appraisal, later narrowed to financial levies.
- able: From Latin -abilis (adjective-forming suffix meaning "capable of"), via Old French -able.
Etymology Origin:
The word taxable emerged in Late Middle English (15th century), combining tax (a financial charge imposed by authority) with -able to denote susceptibility to taxation. The logic reflects a shift from the act of assessing (taxare) to the passive state of being assessable (-able), mirroring societal systems' formalization of revenue collection.
Interest earned on savings accounts is often taxable income.
Nonprofit organizations may be exempt from taxable status.
The government expanded the list of taxable goods last year.
Gifts above a certain value are considered taxable assets.
Consult an accountant to determine which expenses are taxable.