1
[ adjective ] (of goods or funds) subject to taxation

Synonyms

nonexempt

Examples

"taxable income" "nonexempt property"

Used in print

(U.S. Reports. Volume 366. Cases Adjudged in the...)

The annual dividends paid to du_Pont stockholders in shares of General_Motors stock would be taxable as ordinary income to the extent of du_Pont 's earnings and profits .

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