Good issues you raise, Ron. I think we’re mostly in agreement. Maybe totally in agreement?

2025 is important because the 199A benefit expires then. It is also important to understand that the 199A benefit is irrelevant if income is below the threshold established for that regulation — a point not well understood, or much elaborated on in related discussions that it would be good to see laid out in a simple mathematical example.

For sole or small S-Corp owners, another very practical benefit of an S-Corp is that the owner can be on his or her own payroll, and thus not have to bother with quarterly estimated taxes. Should he or she choose to deduct minimal tax throughout the year, the balance can be made up in a lump sum tax contribution in the final payroll of the year (at which time the “fair” salary can also be decided), since payroll withholding taxes are considered as paid evenly throughout the year, no matter when withheld from the payroll.

These can be substantial benefits if thought about beyond simple tax costs, if owner’s time, mindshare, bookkeeping, and tax processing costs are factored in.