Definition

Referring to a situation where taxes have already been paid on income or property.

Example

The taxpaid status of the property made it eligible for certain benefits.

Conversation

Did you get your taxpaid receipts organized for this year?

Yeah, I finally sorted them out last night.

That's good! I always struggle to keep my taxpaid documents in order.

Same here, but I found a system that actually works for me.

Synonyms & Antonyms

Root Explanation

Taxpaid → It is formed from "tax" (from Latin *taxare*, meaning to assess or estimate) and "paid" (from Old English *pægan*, meaning to pay). The word "taxpaid" refers to the state of having paid taxes that have been assessed.

Memory Tip

Think of having 'assessed' ('tax') amounts that you have 'paid' — that's what taxpaid means.

Visually Confused Words