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.
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.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.
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.
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