Interesting bookkeeping.

Photographer: Scott Olson/Getty Images

Just How Bad Is Trump's Tax News?

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Searching for the Truth in Trump’s 1995 Tax Return

The news was stunning: Donald Trump may not have paid federal taxes for nearly 20 years, according to the New York Times. But what does that mean for the GOP candidacy? Tim O’Brien says no matter how Trump’s surrogates try to spin the news, losing $916 million isn’t the mark of a business genius. (And O’Brien might know, since he’s one of rare few who have seen Trump’s taxes.) But Megan McArdle points out Trump’s tax maneuver was perfectly legal, suggesting no shenanigans.

Clinton’s Former Prosecutor Endorses Her for President

Michael Chertoff hasn’t been the Clintons’ biggest fan, but he really doesn’t want to see a President Trump -- so the former Whitewater investigator is throwing his weight behind his ’90s antagonist. He explains to Eli Lake what led him to break with his party (and his own past). 

All the Candidates’ Men

Ailes, Bannon, Christie, Gingrich, Giuliani: What’s the unifying theme? Francis Wilkinson takes a critical look at the men who would govern Donald Trump’s America.

Corporate Tax Reform Is Coming. Really.

Even in the age of gridlock, partisans have more reasons to compromise than to preserve the broken U.S. system. Paula Dwyer explains why corporate-tax reform will be at the top of the agenda in 2017.

Out of Prison, Out of Work

As pundits consider why 7 million working-age American men are unemployed, Justin Fox argues that ex-convict stigma -- not automation or video games -- is largely to blame for the surge. 

Ritholtz’s Reads

(Read Barry Ritholtz’s full daily news roundup.)

Bloomberg Gadfly 

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