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What is "nontaxable"

The Collaborative International Dictionary
nontaxable

nontaxable \nontaxable\ adj. Not subject to taxation; -- of goods imported into a country or sold at retail outlets; as, most laws imposing sales taxes make food nontaxable. Opposite of taxable. [Narrower terms: duty-free; tax-exempt, tax-free; unratable; untaxed ] Also See: {exempt.

Wiktionary
nontaxable

a. Not subject to being taxed. alt. Not subject to being taxed.

WordNet
nontaxable

adj. (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation" [syn: exempt] [ant: taxable]

Usage examples of "nontaxable".

But its hiring executive had promised him various under-the-table, and thus nontaxable, financial perquisites that were communicated with subtle inferences.