Gov. Gavin Newsom reports $1.2-million income in new disclosure of tax returns [Los Angeles Times (CA)]
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Source: Los Angeles Times
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. 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 before he took office last year. On Friday, Newsom allowed reporters to view his 2018 federal and state tax returns that he filed jointly with his wife, which covered his final year as California’s lieutenant governor. Newsom filed those returns last fall after receiving an extension from the Internal Revenue Service. 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 h
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