Tax records show Gavin Newsom, the Democratic governor of California, and his wife earned about $ 1.5 million in 2020 and paid about $ 480,000 in taxes.
Sacramento – California Democratic Governor Gavin Newsom and his wife earned about $ 1.5 million in 2020 and paid about $ 480,000 in taxes, প্রথম 1.7 million less than the couple’s 2019 earnings in their first year as governor, records released Tuesday show.
The couple’s joint federal tax return shows that they have paid a tax rate of about 32%.
Newsom earned about $ 201,000 as governor in 2020, but most of its income comes from the winery and restaurant business, which it kept in blind faith when it became governor. As a result of the trust, it is not clear in the documents what businesses gained or lost that year.
His wife, Jennifer Sibel Newsom, is a documentary filmmaker.
Records show the couple earned more than $ 1 million from the business entity and partnership, with about $ 130,000 in capital gains and more than $ 440,000 in compensation.
Their deductions include about $ 10,000 in business costs, $ 285,000 in rent and royalty costs, and about $ 50,000 in corporate and partnership losses.
Newsom also raised $ 20,000 in advance for a children’s book he wrote about dyslexia, a condition that has been around since childhood that can make reading difficult. The fee paid for a painter, the remainder of the advance and any money will go to charity.
They reported about $ 30,000 as charitable gifts.
Preliminary election on June 8.
The figures represent what Newsom achieved in the first year of the epidemic, which closed businesses and schools across California.
Newsom owns The Plumpjack Group, which includes a suite of wineries and restaurants.
Blood news from Los Angeles.