Definitions
- Referring to income, property, or goods that are subject to taxation. - Describing a person or entity that is eligible to be taxed. - Talking about the portion of income or property that is subject to taxation.
- Describing income, property, or goods that have already been subjected to taxation. - Referring to a person or entity that has already paid their taxes. - Talking about the act of imposing a tax on something.
List of Similarities
- 1Both words are related to taxation.
- 2Both words describe the involvement of taxes on income, property, or goods.
- 3Both words can be used to refer to individuals or entities that are subject to taxation.
What is the difference?
- 1Timing: Taxable refers to something that is subject to taxation, while taxed refers to something that has already been taxed.
- 2Function: Taxable describes the eligibility of something to be taxed, while taxed describes the act of imposing a tax on something.
- 3Usage: Taxable is typically used as an adjective or noun, while taxed is used as a past tense verb.
- 4Focus: Taxable emphasizes the potential for taxation, while taxed emphasizes the completion of taxation.
- 5Scope: Taxable can refer to a wide range of things that are subject to taxation, while taxed is more specific to things that have already been taxed.
Remember this!
Taxable and taxed are two words that are related to taxation. However, the difference between them is their timing and function. Taxable refers to something that is subject to taxation, while taxed refers to something that has already been taxed. Taxable emphasizes the potential for taxation, while taxed emphasizes the completion of taxation.
