One that is subject to taxation: taxables such as cigarettes and liquor. (noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "taxable" in a sentence
"The official added that these workless households could still claim £26,000 a year, the equivalent of £35,000 in taxable income."
"Instead, increase your emergency funds in taxable accounts and open a Roth IRA."
"The report claims that legalizing marijuana would save the state $1 billion on law enforcement, generate an estimated $350 million in taxable revenue and make marijuana a $14 billion industry, nearly twice the size of California's dairy industry, the state's next biggest agriculture industry."