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taxable,adj.1. Subject to taxation . [Cases: Internal Revenue 3110; Taxation 978.C.J.S. Internal Revenue §§ 59–60; Taxation§§ 1715–1716, 1721–1722, 1727.] 2. (Of legal costs or fees) assessable . [Cases: Costs 146–194; Federal Civil Procedure 2742. C.J.S. Costs §§ 6, 94–97, 99–101, 105–124.] [Blacks Law 8th]

A portion of income tax that is subtracted from salary, wages, dividends, or other income before the earner receives payment. • The most common example is the income tax and social-security tax withheld by an employer from an employee’s pay. [Cases: Internal Revenue 4849; Taxation 1100. C.J.S. Internal Revenue §§ 740–741; Taxation § 1779.] [Blacks…

English law. A tax imposed on a house containing a certain number of windows (usu. more than six). • It was established under the Taxation Act of 1695 and replaced with a tax on inhabited houses established under the House Tax of 1851. See HOUSE-DUTY. [Blacks Law 8th]

A tax imposed on a business or industry as a result of a sudden increase in profits. • An example is the tax imposed on oil companies in 1980 for profits resulting from the Arab oil embargo of the 1970s. [Cases: Internal Revenue 4338.] [Blacks Law 8th]

A tax assessed at each step in the production of a commodity, based on the value added at each step by the difference between the commodity’s production cost and its selling price. • A value-added tax — which is popular in several European countries — effectively acts as a sales tax on the ultimate consumer.…

A tax imposed on the use of certain goods that are bought outside the taxing authority’s jurisdiction. • Use taxes are designed to discourage the purchase of products that are not subject to the sales tax. [Cases: Taxation 1202. C.J.S. Taxation § 1992.] [Blacks Law 8th]

organization’s taxable income, such as advertising revenue from a publication. [Cases: Internal Revenue 4068; Taxation 1018. C.J.S. Internal Revenue §§ 473–474; Taxation § 1706.] [Blacks Law 8th]

A tax levied on a not-for-profit organization’s taxable income, such as advertising revenue from a publication. [Cases: Internal Revenue 4068; Taxation 1018. C.J.S. Internal Revenue §§ 473–474; Taxation § 1706.] [Blacks Law 8th]

A tax of income earned locally by a business that transacts business through an affiliated company outside the state or country. See UNITARY BUSINESS. [Cases: Taxation 1005. C.J.S. Taxation § 1719.] [Blacks Law 8th]

The federal transfer tax imposed equally on property transferred during life or at death. • Until 1977, gift-tax rates were lower than estate taxes. — Also termed unified estate-and-gift tax. [Blacks Law 8th]