Outrageously Funny Word Dictionary :: Nontaxability

👉 Nontaxability is a concept in tax law that refers to situations where an individual or entity is not required to pay taxes on income, gains, profits, or other sources of income. This means that individuals or entities are exempt from paying any form of tax, including income taxation, if they do not meet the criteria for being considered taxable. In other words, nontaxability allows individuals and entities to avoid paying taxes in certain circumstances without needing to pay them as part of their financial transactions

nontaxability