Newsom Releases 6 Years of Tax Returns as 2028 Bid Talk and DOJ Probe Intensify
Updated
Updated · POLITICO · Jul 31
Newsom Releases 6 Years of Tax Returns as 2028 Bid Talk and DOJ Probe Intensify
3 articles · Updated · POLITICO · Jul 31
Summary
Six years of returns covering Newsom’s full tenure were opened to reporters, though the governor’s office did not post them online or allow copies or photographs.
The disclosure came after renewed requests and as Newsom weighs a 2028 presidential run while the Trump administration’s Justice Department appears to be investigating Jennifer Siebel Newsom’s taxes.
The filings show the couple paid nearly $1.3 million in federal taxes and $184,000 in California taxes in 2021, then about $760,000 in 2022 and under $600,000 in both 2023 and 2024.
A $5.9 million Marin home sale generated roughly $1 million in 2021, while Siebel Newsom earned about $150,000 a year from the Representation Project and Newsom’s book income rose to $75,000 in 2024.
The records also show about $190,000 a year spent on household staff, which a spokesperson said covered child care, as Newsom’s team cast the release as a transparency contrast with Trump.