Assertion: tax's rate | /r/HasProperty | cut
Facets:
value: from 35%
type: OTHER
Source sentences:
text: Small business owners who are setup as S-Corporations or Limited Liability companies and receive pass-through income via a K-1 or form 1065, will be allowed to deduct 20% of their income prior to applying the personal income tax rates up to certain qualifying income limits, and the corporate rate will be cut from 35% to 21%.