Episode Details

Governor Newsom just released seven hundred pages of his tax filings, covering four years, as he prepares to exit office and possibly run for president in 2028. His income has hovered around $1.7 million annually since 2019, except for 2021 — when a $6 million house sale netted $800K, pushing his income to $4.2 million and taxes paid over $1 million. The filings reveal his wealth largely comes from wineries and restaurants managed by his sister and cousin via a blind trust, with annual childcare costs for three kids ranging from $14K to $44K. He also donated $40K–$65K yearly to charities, including $45K worth of Armani gear to an Oakland racial justice group in 2022. This disclosure comes amid a Justice Department probe into the Newsoms’ finances — which the governor claims is politically motivated — marking his first public tax release since 2022.

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