Assertion: partnership's partner | /r/HasProperty | taxed
Facets:
value: according to personal income level
type: OTHER
Source sentences:
text: The benefit of partnerships is that general partners are only taxed once.
text: Limited partners in an MLP are only taxed when they receive distributions.
text: If each partner is taxed according to personal income level, then he or she might face a lesser tax burden under this business arrangement.