What's the difference between tax and taxable?

Tax


Definition:

  • (n.) A charge, especially a pecuniary burden which is imposed by authority.
  • (n.) A charge or burden laid upon persons or property for the support of a government.
  • (n.) Especially, the sum laid upon specific things, as upon polls, lands, houses, income, etc.; as, a land tax; a window tax; a tax on carriages, and the like.
  • (n.) A sum imposed or levied upon the members of a society to defray its expenses.
  • (n.) A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.
  • (n.) A disagreeable or burdensome duty or charge; as, a heavy tax on time or health.
  • (n.) Charge; censure.
  • (n.) A lesson to be learned; a task.
  • (n.) To subject to the payment of a tax or taxes; to impose a tax upon; to lay a burden upon; especially, to exact money from for the support of government.
  • (n.) To assess, fix, or determine judicially, the amount of; as, to tax the cost of an action in court.
  • (n.) To charge; to accuse; also, to censure; -- often followed by with, rarely by of before an indirect object; as, to tax a man with pride.

Example Sentences:

  • (1) Virtually every developed country has some form of property tax, so the idea that valuing residential property is uniquely difficult, or that it would be widely evaded, is nonsense.
  • (2) Not only do they give employers no reason to turn them into proper jobs, but mini-jobs offer workers little incentive to work more because then they would have to pay tax.
  • (3) Paradoxically, each tax holiday increases the need for the next, because companies start holding ever greater amounts of their tax offshore in the expectation that the next Republican government will announce a new one.
  • (4) But the wounding charge in 2010 has become Brown's creation of a structural hole in the budget, more serious than the cyclical hit which the recession made in tax receipts, at least 4% of GDP.
  • (5) We want to be sure that the country that’s providing all the infrastructure and support to the business is the one that reaps the reward by being able to collect the tax,” he said.
  • (6) Meanwhile, reductions in tax allowances on dividends for company shareholders from £5,000 down to £2,000 represent another dent to the incomes of many business owners.
  • (7) Brown's model, which goes far further than those from any other senior Labour figure, and the modest new income tax powers for Holyrood devised when he was prime minister, edge the party much closer to the quasi-federal plans championed by the Liberal Democrats.
  • (8) Writing in the Observer , Schmidt said his company's accounts were complicated but complied with international taxation treaties that allowed it to pay most of its tax in the United States.
  • (9) "There is a serious risk that a deal will be agreed between rich countries and tax havens that would leave poor countries out in the cold.
  • (10) Photograph: Guardian The research also compiled data covered by a wider definition of tax haven, including onshore jurisdictions such as the US state of Delaware – accused by the Cayman islands of playing "faster and looser" even than offshore jurisdictions – and the Republic of Ireland, which has come under sustained pressure from other EU states to reform its own low-tax, light-tough, regulatory environment.
  • (11) Cameron also used the speech to lambast one of the central announcements in the budget - raising the top rate of tax for people earning more than £150,000 to 50p from next year.
  • (12) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (13) The issue has been raised by an accountant investigating the tax affairs of the duchy – an agricultural, commercial and residential landowner.
  • (14) Proposals to increase the tax on high-earning "non-domiciled" residents in Britain were watered down today, after intense lobbying from the business community.
  • (15) We know that several hundred thousand investors are likely to want to access their pension pots in the first weeks and months after the start of the new tax year.
  • (16) Profit for the second quarter was £27.8m before tax but the club’s astronomical debt under the Glazers’ ownership stands at £322.1m, a 6.2% decrease on the 2014 level of £343.4m.
  • (17) "The Republic genuinely wishes Northern Ireland well and that includes the 12.5% corporate tax rate," he said.
  • (18) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (19) Gordon Brown believes that the fact of the G20 summit has persuaded many tax havens, such as Switzerland and Liechtenstein, to indicate that they will adopt a more open approach.
  • (20) This includes cutting corporation tax to 20%, the lowest in the G20, and improving our visa arrangements with a new mobile visa service up and running in Beijing and Shanghai and a new 24-hour visa service on offer from next summer.

Taxable


Definition:

  • (a.) Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.
  • (a.) That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs.

Example Sentences:

  • (1) The Tony Abbott lecturing the American president on taxation fairness is, of course, the one who as Australian prime minister is presiding over policies of taxation amnesty for the richest Australians who have themselves offshored their hidden wealth, capping their taxable liability to merely the last four years.
  • (2) The Double Irish loophole allows US companies, mostly in the technology and pharmaceutical sectors, to reduce their effective tax bill far below Ireland’s already generous 12.5% corporate tax rate by shifting most of their taxable income from an operating company in Ireland to another Irish-registered firm located in an offshore tax haven, such as Bermuda.
  • (3) It appears that ... the cap [is] used to ensure a relatively predictable level of taxable profit; [it does] not seem to be based on any arm’s length reasoning,” the commission said.
  • (4) Review negative gearing Federal Labor and the Greens have proposed a rethink of negative gearing, the practice of property investors claiming their losses as a deduction against their taxable income.
  • (5) Because pension incomes are taxable, and pensioners would have more to spend – generating indirect taxation – and the number of people on social security would be lower, the Exchequer would benefit by between £1.7bn and £3bn.
  • (6) Both retired and disabled workers whose covered employment began after 1950 were likely to have benefits as high or higher than the benefits of those with earlier credits--a reflection of rising wage levels and higher taxable maximums, as well as the "new start" computation method.
  • (7) The EU executive will oblige companies to disclose the payments they make at project level as opposed to government level only, revealing the sources of taxable government income from the extraction or logging industries.
  • (8) Gina Rinehart’s Hancock Prospecting was the country’s largest privately owned taxpayer, paying $466m on a taxable income of $1.5bn in 2015.
  • (9) Capital allowances enable businesses to cut their tax bill by offsetting a proportion of their spending on equipment and other assets against their taxable profits.
  • (10) Emerging economies want the rules to be overhauled so that multinational companies are required to apportion their taxable profits according to factors such as where in the world sales are made, where the workforce is located and where capital is invested.
  • (11) China-Africa trade $114.81 billion: Value of trade between China and Africa (2010) 43.5%: Year-on-year growth in two-way trade (2010) 45: Number of African countries China has signed bilateral trade agreements with $9.33 billion: Amount of Chinese direct investment in Africa by the end of 2009 5,000: Number of scholarships the Chinese government offers to students from African countries each year 4,700: Number of taxable items which China has exempted from tariffs if they come from the least-developed countries in Africa (as of July 2010) 500: Number of infrastructure projects China has provided assistance for in Africa.
  • (12) Goldsmith’s taxable income since 2010 is more than £6m, the vast majority of which comes from a family trust set up by his billionaire father, Sir James Goldsmith.
  • (13) MPs found that Revenue and Customs had far fewer resources, particularly in the area of transfer pricing: complex transactions deployed by multinational companies in order to shift taxable profits to low-tax jurisdictions.
  • (14) That would allow the officials to focus first on agreeing on a common methodology for apportioning taxable profits.
  • (15) The treasurer, Scott Morrison , is screaming at anyone who will listen that the policy will hit the “mums and dads” while claiming two-thirds of people using negative gearing now have a taxable income of $80,000 or less.
  • (16) They told voters, if elected, they could collect an additional $45bn in tax by clamping down on foreign multinationals that were aggressively shifting taxable profits out of the US.
  • (17) ACS welcomed the cut in corporation tax - "but with rising business rates, energy bills and employment costs, the challenge facing local shops is how to make taxable profits in the first place".
  • (18) The recall was prompted by a Reuters investigation which focused on Google's claim its UK-revenues were not part of a taxable British business.
  • (19) Expenses met by the Conservative party have varied between £5,105 and £13,149, which have been declared as taxable benefits.
  • (20) For the city as a whole, between 1998 and 2012, per capita taxable income fell by nearly a third.

Words possibly related to "tax"

Words possibly related to "taxable"