John Hussman shows why US corporate earnings are now experiencing significant downward pressure, at a time when expected long term returns on US equities are already very poor.
https://www.hussmanfunds.com/wmc/wmc131216.htm

Coordinated Tax Planning Is A Game Changer
Filing a tax return is required. By itself, however, filing rarely produces the best financial outcome. The real leverage comes from planning, especially when that planning is coordinated across the

