Meaning : (of goods or funds) subject to taxation.
Example :
Taxable income.
Nonexempt property.
Synonyms : taxable
(of goods or funds) not subject to taxation.
The funds of nonprofit organizations are nontaxable.Meaning : (of persons) not exempt from an obligation or liability.
(of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject.
A beauty somehow exempt from the aging process.