Assertion: partnership's owner | /r/CapableOf | pay tax
Facets:
value: on the profits of the business
type: TRANSITIVE-OBJECT
value: individually
type: MANNER
value: on them
type: TRANSITIVE-OBJECT
Source sentences:
text: Typically, companies are taxed on earnings that are passed down to the owners, who then pay a tax on those same earnings on their personal tax return.
text: Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners.
text: Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners.
text: A corporation also can retain some of its profits, without the owner paying tax on them.
text: In a limited liability company, profits are distributed through the LLC, and each business member or owner pays taxes individually.
text: The business does not pay taxes as an entity; instead, the owner reports and pays taxes on the profits of the business on his or her own individual income tax returns.