Newsom releases four years of tax returns as 2028 bid looms

California Gov. Gavin Newsom publicly released four years of tax returns, showing about $1.4–$1.6 million in annual income for him and his wife from 2022–2024, with a peak of $3.5 million in 2021 after selling a Marin County mansion. The filings—first since 2022—detail income from Newsom’s government salary, capital gains, a blind trust holding wine and hospitality ventures, and his wife’s film production and nonprofit work, with an effective federal tax rate around 30–35%. The disclosure comes as Newsom weighs a potential 2028 presidential bid and amid a Department of Justice inquiry into the Newsom family’s taxes; officials say the move followed a CalMatters inquiry and a later decision to release the records, which also show about $190,000 annually spent on household staff.