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From The Collaborative International Dictionary of English v.0.48:
Taxable \Tax"a*ble\, a. 1. Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities. [1913 Webster] 2. (Law) That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs. [1913 Webster] -- Tax"a*ble*ness, n. -- Tax"a*bly, adv. [1913 Webster]