Is TTS worth it? What are the main benefits?

Is obtaining tax trader status worth it? Imagine I qualify for it through my trading. I see the argument for eliminating wash sale rules. That simplifies Your tax returns andallows you to continue to trade through the entire year rather than changing your holdings in December.

I also see that there is a benefit to being able to deduct all your losses against your regular income should you have a large loss. But is this really helpful? There's a time value of money component. But if you, say, lose $100k and write it off against your income of $200k to minimize taxes for that year. And then you make back that $100k the following year. Now you'll have $300k in taxable incomes that may be taxed at a higher rate.

Alternatively, say you carried forward the loss of $100k into the following year. Well, the first year you would have $200,000 of income, and the second year you would also have $200,000 income. In this case, the net income is the same as the previous case, but you are tax brackets will be lower for the second year.

Is it all just a wash at the end of the day? Those scenarios are essentially equal and the only difference is the time value of money and deferring your taxes to later time?

Assumptions — you have the cash flow to pay for the taxes, and all the trading income is short-term capital gains.

Thoughts? Am I missing something here?