[Verse 1] Twenty percent slice of your business pie Pass-through income gets this sweet reply S-corps and partnerships, LLCs too Sole proprietorships qualify through But W-2 wages don't make the cut Employee paychecks keep this door shut [Chorus] Q-B-I, twenty percent deduction Pass it through with tax reduction Wages blocked, business income flows Until twenty twenty-five it goes SSTB beware the income wall Doctors, lawyers feel the fall [Verse 2] Qualified business income has its rules Domestic operations are the jewels Investment income doesn't count the same Rental real estate can play this game But specified service trades must watch High earners hit the income notch [Chorus] Q-B-I, twenty percent deduction Pass it through with tax reduction Wages blocked, business income flows Until twenty twenty-five it goes SSTB beware the income wall Doctors, lawyers feel the fall [Bridge] Three-fifteen thousand for joint filers Single folks get half as buyers Phase-out starts when you cross that line SSTB benefits decline Wage test kicks in, property too Fifty percent of wages due [Verse 3] Aggregation lets you bundle trades Combine your businesses, higher grades W-2 wages from each entity Qualified property's your key Depreciable assets help you win When income limits start to pin [Chorus] Q-B-I, twenty percent deduction Pass it through with tax reduction Wages blocked, business income flows Until twenty twenty-five it goes SSTB beware the income wall Doctors, lawyers feel the fall [Outro] Sunset clause waits ahead Unless Congress acts instead Twenty percent deduction fades Plan ahead for future trades
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