Taxability (Noun)
Meaning
Liability to taxation.
Classification
Nouns denoting natural processes.
Examples
- The company's taxability of its investments was carefully analyzed to ensure maximum savings on taxes.
- Certain individuals with income below a specified threshold may not be subject to taxability under this law.
- He carefully examined the taxability of the sale to ensure he would not incur a significant tax liability.
- Taxability of this specific income type can be different based on which state you live in.
- She consulted a tax expert to understand the taxability of her recent inheritance and avoid any future tax issues.