AP

California Gov. Newsom and wife earned $1.5 million in 2020

Mar 22, 2022, 4:51 PM | Updated: 6:01 pm

SACRAMENTO (AP) — California Democratic Gov. Gavin Newsom and his wife earned nearly $1.5 million in 2020 and paid about $480,000 in taxes, down from $1.7 million in income the couple reported in 2019 in his first year as governor, records released Tuesday showed.

The couple’s joint federal tax return showed they paid a tax rate of about 32%.

Newsom earned about $201,000 as governor in 2020, but most of his income comes from winery and restaurant businesses that he put in a blind trust when he became governor. As a result of the trust, it’s not clear in the documents what businesses gained or lost money that year.

His wife, Jennifer Siebel Newsom, is a documentary filmmaker.

The records show the couple earned over $1 million from business entities and partnerships, had nearly $130,000 in capital gains and over $440,000 in compensation.

Their deductions included about $10,000 in business expenses, $285,000 in rent and royalty expenses and nearly $50,000 in corporate and partnership losses.

Newsom also picked up a $20,000 advance on a children’s book he wrote about dyslexia, a condition he’s had since childhood that can make it harder to read. The fee paid for an illustrator, with the remainder of the advance and any proceeds going to charity.

They reported nearly $30,000 in charitable gifts.

The return was released under a 2019 state law, signed by Newsom, that requires state election officials to publish the tax returns for candidates running for governor.

The release of the information on the Secretary of State’s website comes as the governor readies for a reelection campaign in which he faces only little-known opposition. Newsom soundly defeated a recall election last year that could have removed him from office.

The primary election is June 7.

The figures represent what the Newsoms earned in the first year of the pandemic, which saw business and schools shuttered across California.

Newsom owns The PlumpJack Group, which includes a suite of wineries and restaurants.

____

Blood reported from Los Angeles.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Arizona and New York attorneys feud over extraditing suspect...

Associated Press

Why Alvin Bragg and Rachel Mitchell are fighting over extraditing suspect in New York hotel killing

Maricopa County Attorney Rachel Mitchell says she isn't into extraditing a suspect due to her lack of faith in Manhattan’s top prosecutor.

2 days ago

A Gila monster is displayed at the Woodland Park Zoo in Seattle, Dec. 14, 2018. A 34-year-old Color...

Associated Press

Colorado man dies after being bitten by pet Gila monster

A Colorado man has died after being bitten by his pet Gila monster in what would be a rare death by one of the desert lizards if the creature's venom turns out to have been the cause.

3 days ago

Police clear the area following a shooting at the Kansas City Chiefs NFL football Super Bowl celebr...

Associated Press

1 dead, many wounded after shooting at Kansas City Chiefs’ Super Bowl victory parade

One person died after 22 people were hit by gunfire in a shooting at the end of the Kansas Chiefs' Super Bowl victory celebration Wednesday.

10 days ago

This image from House Television shows House Speaker Mike Johnson of La., banging the gavel after h...

Associated Press

GOP-led House impeaches Homeland Security Secretary Mayorkas — by one vote — over border management

Having failed to impeach Homeland Security Secretary Alejandro Mayorkas the first time, House Republicans are determined to try again Tuesday.

11 days ago

Defense Secretary Lloyd Austin, right, and Kenya's Defense Minister Aden Duale, left, listen during...

Associated Press

Defense Secretary Lloyd Austin hospitalized with bladder issue

Defense Secretary Lloyd Austin has been hospitalized following symptoms pointing to an “emergent bladder issue."

13 days ago

Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a...

Associated Press

Woman firing rifle killed by 2 off-duty officers at Houston’s Lakewood Church run by Joel Osteen

A woman entered the Texas megachurch of Joel Osteen and started shooting with a rifle Sunday and was killed by two off-duty officers.

13 days ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

(KTAR News Graphic)...

Boys & Girls Clubs

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

California Gov. Newsom and wife earned $1.5 million in 2020