Does anyone else find it ironic that this was announced as a pass-thru entity deduction but somehow the Schedule C (really not a pass through-but part of) get the best deduction.  If an S-Corp makes $100,000 and the person takes a $60,000 payroll and has $40,000 worth of K-1 income they only get 20% of the $40,000.  But a Schedule C person gets 20% of $100,000.00.    The only thing the W-2 income does is help limit the amount you can take for QBI deduction.  What am I missing?