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What does tax-exempt mean?

Looking for the meaning or definition of the word tax-exempt? Here's what it means.

Adjective
  1. Exempt from paying tax; not subject to taxation.
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Examples
This will allow for tax-exempt voluntary contribution from donors in the United States.
Although few employers offer such benefits, when they are available, they are not tax-exempt benefits, but are fully taxable.
It is not acceptable for transactions to be tax-exempt within the business chain between the Member States but taxable at national level.
Scottish institutions are failing savers again, this time when it comes to tax-exempt Tessas.
Any amount of inurement, no matter how small, can jeopardize an organization's tax-exempt status.
The Medical Aid Committee has lodged an application to be recognized in the United States as a tax-exempt public charity.

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