Tax records show The Apprentice was a '$427 million lifeline' for Trump, New York Times found

The Apprentice came along in the nick of time for President Trump, The New York Times reports — the reality show's popularity allowed him to monetize his fame, and this "$427 million lifeline" gave Trump a huge boost financially after years of major losses.

The Times obtained tax return data for Trump covering more than two decades, and on Sunday, reported that he paid $750 in federal income taxes in 2016 and 2017. The records also show that in 10 of the previous 15 years, Trump paid no income taxes because he reported losing more money than he made. On Monday, the Times published part two of its deep-dive into the records, this time focusing on Trump's Apprentice years.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.