Yeah, I don't like double taxation either and I'm actually supposed to know something about it. (I don't really.) There are some serious risks in eliminating taxation at the entity level but double taxation, among other things, gives a significant advantage to debt as opposed to equity finance. Debt finance carries its own systemic risks to the economy. I am not a tax analyst. I think it would be a fascinating line of work but at my age I'm not looking to earning degrees in economics or public administration. But based on the little I do know, I think I'd like to see Congress consider a few reforms. First, corporations and all other business entities should pay taxes on an equal footing. Second, the taxes paid should be distributed to the equity owners (partners or members or shareholders or whomever) as some sort of credit against their personal tax liability. Third, no interest paid by anyone, individual, investor, estate, trust or business, should ever be tax deductible. Period. Not allowed. Fourth, no business entity may ever borrow money for the purpose of buying out equity stakes. Unconnected with these but while I'm on the subject, I'd eliminate the charitable deduction for all purposes, both for corporations and individuals, and I would end the granting of tax exemptions to so-called "Private foundations" and "Donor advised funds." Well, criticize away if you want; I don't have enough real understanding to know whether I'm right or wrong. But that's how it looks to me.