Episode Details

Governor Gavin Newsom just dropped seven hundred pages of his tax returns, revealing a financial picture as he prepares to exit office and possibly run for president in 2028. His income has hovered around $1.7 million annually since 2019, with a major spike in 2021 from a $6 million home sale that netted $800K — pushing total income to $4.2 million and taxes paid over $1 million. In 2022, income dipped to about $2 million. Most of his earnings come from his blind-trust-owned winery and restaurant empire, now managed by family members. The filings also show consistent annual childcare expenses of $14K–$44K for three kids and charitable donations ranging from $40K–$65K yearly — including a $45K donation of Armani suits to an Oakland racial justice group in 2022. This release comes amid Justice Department investigations he calls politically motivated — the first time he’s shared returns since 2022.

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