The Democratic outgoing California Governor and 2028 Democratic Presidential nomination sweepstakes contestant shows his tax returns….
President Trump doesn’t want anyone seeing his…
And?….
Is trying to leverage taxpayer money against ANY IRS audits…For EVER…..
Newsom IS trying zing Trump and JD vance going forward if it come to them against each other….
Gov. Gavin Newsom disclosed four years of tax returns this week, revealing several steady streams of income for him and his wife that brought in well over $1 million each year and peaked at $3.5 million in 2021, when the couple sold a Marin County mansion.
The filings were the first Newsom made available since 2022 and come after he fell years behind on a pledge to release his tax returns each year. Following the windfall from the house sale, they show Newsom and his spouse, Jennifer Siebel Newsom, earned between $1.4 and $1.6 million each year from 2022 through 2024. They paid an effective federal income tax rate of 30 to 35 percent from 2021 to 2024, averaging more than $710,000 annually. The pair drew income from Newsom’s government salary, capital gains generated by the sale of investments, a blind trust that holds his wine and hospitality businesses and Siebel Newsom’s film production company, her own trust and her nonprofit, the Representation Project.
Newsom pilloried President Donald Trump years ago for refusing to make his returns public and vowed after he was first elected governor to disclose his own. In Newsom’s first term, his campaign made his tax returns available. And during his 2022 reelection bid, he was required to post five years of returns on the secretary of state’s website under a law he signed requiring gubernatorial candidates to do so….
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The Newsoms paid close to $1.3 million in federal taxes and $184,000 in state income taxes in 2021 owing largely to the windfall from the house sale and other investments. They paid $760,000 in taxes in 2022 as their earnings dropped to $1.6 million. And they paid less than $600,000 in taxes in 2023 and 2024 while making $1.4 million each year….
image….CNN
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