The Newsoms' tax returns provide a window into a complex network of the family's financial interests throughout California, holdings that have helped them earn an average of more than $1 million a year since 2011 and purchase a $3.7-million, six-bedroom home just outside of Sacramento shortly…
California Gov. Gavin Newsom and his wife, documentary filmmaker Jennifer Siebel Newsom, reported an income of $1.2 million in 2018, including $800,000 from the governor’s wineries, restaurants, hotels and other hospitality businesses.complex network of the family’s financial interests
The Newsoms reported paying $480,179 in income taxes — $358,724 to the federal government and $121,455 to the state of California.The Newsoms, who have four young children, paid $244,000 for household services, primarily child care — a figure that included $55,017 in withholdings for Social Security, Medicare and federal income tax.as head of her foundation, the Representation Project,
Among the more unusual expenses declared in the Newsom’s tax documents was $899 for silver and platinum storage. Newsom’s tax returns from previous years showed thatDuring his successful 2018 campaign, Newsom released his tax returns from 2011 onward and, after his election, the Democratic governor vowed to release his taxes each year while in office. His predecessor, former Gov. Jerry Brown, refused to release his tax returns while in office or during his campaigns.
Newsom allowed reporters to review — but not photocopy — his 2018 tax years at the state Capitol on Friday. One reporter from each media outlet was given 45 minutes to examine the returns, a stack of tax documents roughly two inches think.as a key credential in his ability to govern a state as complex as California, one of the most economically diverse states in the union.
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