"I agree with other commenters that I wish we could just make things simpler and more fair." That's what was so nice about a pass-through entity: It was both

"I agree with other commenters that I wish we could just make things simpler and more fair." That's what was so nice about a pass-through entity: It was both politically and revenue neutral. All of the profits flowed through to the taxpayer and the politics and revenue occurred there. Terms like "fairness" had no relevance to them. It could not have been simpler and it was completely outside the sphere of the political discussion on taxes. But now, by answering a question that nobody asked, the new tax code politicizes the passthrough entity and, in my opinion, will eventually lead to its discontinuance - or at the very least, layers of complication added every time we revisit this topic. I benefit maximally from this change to passthrough entities but it is a benefit I never asked for and that will hurt me (and all of us) in the long term.