Assertion: partnership's partner | /r/CapableOf | pay self-employment tax
Facets:
value: on his or her net earnings
type: TRANSITIVE-OBJECT
value: based on their share of profits
type: OTHER
Source sentences:
text: The partners must also pay self-employment tax (Social Security/Medicare) based on their share of profits (not losses) each year.
text: If the partnership is profitable, each partner must pay self-employment taxes on his or her net earnings.
text: General partners of an LP do pay self-employment tax because they’re involved in the day-to-day decisionmaking.
text: General partners must pay self-employment taxes because they work for the business.