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The Collaborative International Dictionary
untaxed

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
untaxed

a. 1 Not subject to being taxed. 2 Not having had taxes paid on even though required. 3 Not tired or strained, working well within capacity.

WordNet
untaxed

adj. (of goods or funds) not taxed; "tax-exempt bonds"; "an untaxed expense account" [syn: tax-exempt, tax-free]

Usage examples of "untaxed".

A free interchange of untaxed, and an exchange, at internal revenue duty rate only, of taxed, commodities.

The manager pocketed a neat little untaxed regular income, and like most good frauds it was discovered by accident.

Back at Redrock, he had always been sucking around the preman agent, scheming for appointments as sheriff or tax collector or judge and using his petty authority to harass El Yaqui for the peyote he chewed and the untaxed mescal he sold and the woman La China kept upstairs.

Byzantine Empire could finally be rid of the untaxed and commercially aggressive Venetian enclave in Constantinople.

Elkin, Mayor of Craeg, free and untaxed foraging for their sheep on the Crown Land south of town, all the way to Griswold Knolls.

Do you people think you can hold that land, untaxed, for speculative purposes until it goes up to thirty dollars and then sell out to some one else--sell it over our heads?

It was a distinction that earned them millions in untaxed dollars and two seats on the nine-member National Crime Commission they had helped establish three years earlier.

Losing the job meant losing ten thousand untaxed, unrecorded dollars a month.