Definitions and Examples of taxable, taxed
Learn when and how to use these words with these examples!
Subject to taxation; capable of being taxed.
Example
The income from his investments was taxable, so he had to pay taxes on it.
Having been taxed; having had taxes levied on it.
Example
The company's profits were already taxed at a high rate, so they were reluctant to invest more money.
Key Differences: taxable vs taxed
- 1Taxable refers to something that is subject to taxation, while nontax means that something is not subject to taxation.
- 2Taxed means that something has already been taxed, while nontax means that something has not been taxed.
Effective Usage of taxable, taxed
- 1Financial Planning: Use taxable to understand which income or assets are subject to taxation.
- 2Taxation: Use taxed to refer to income or assets that have already been taxed.
- 3Legal Documents: Use nontax to indicate that something is not subject to taxation in legal documents.
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Remember this!
The antonyms taxable and taxed are complementary and relational antonyms of nontax. Use taxable to understand which income or assets are subject to taxation, taxed to refer to income or assets that have already been taxed, and nontax to indicate that something is not subject to taxation in legal documents.
