Newsom’s Tax Files Reveal Wealth & Scrutiny | Raleigh News

Raleigh News Today | 2 Min News | The Daily News Now! · Jul 31, 2026 · 1m

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…