His running mate senator kamala harris of california is set to become the 49th vice president of the united states on inauguration day in january 2021 and will also receive an annual salary. Donald trump the current president of the united states earns a salary of 400 000 per year.
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Learn more about the salaries of the president vice president and other u s.
Salary us president. The power of the presidency has grown substantially since its formation as has the power of the federal government as a whole. Presidents can waive their rights to the presidential salary if they please. The president of the united states potus is the head of state and head of government of the united states of america the president directs the executive branch of the federal government and is the commander in chief of the united states armed forces.
Since 2001 the president of the united states has earned an annual salary of 400 000. 1 2001 the annual salary of the president of the united states was increased to 400 000 per year including a 50 000 expense allowance a 100 000 nontaxable travel account and a 19 000 entertainment account. The president also receives 50 000 for yearly expenses an entertainment allowance of 19 000 and tax free travel allowance of 100 000 per year.
On top of their pay the president of the united states is given separate non taxable funds for travel and entertainment and upon leaving their positions they are given pensions and office space. Continue reading below the president is paid a 400 000 a. The president s salary is set by congress and under article ii section 1 of the united states constitution may not be increased or reduced during his or her.
This is a list of salaries of heads of state and government per year showing heads of state and heads of government where different mainly in parliamentary systems often a leader is both in presidential systems some states have semi presidential systems where the head of government role is fulfilled by both the listed head of government and the head of state. Potus salary might not pay as well as other high ranking professionals but there are many benefits and perks that increase the entire compensation package. Congress and president bill clinton approved the most recent increase in 1999 and effected it in 2001.
In addition the president also receives a 50 000 annual expense account a 100 000 non taxable travel account and a 19 000 entertainment account. The president s salary has not always been 400 000. Former presidents receive a pension and other benefits when they leave office.
The current salary for the president of the united states is 400 000 per year with an expense account of 50 000. The president of the united states is one of the most powerful individuals in the world a fact that s reflected in their annual salary. There are ceos celebrities and athletes who make far more than the president of the united states.
The benefits former presidents receive is nearly 4 million dollars a year with more than 40 of that cost in office space.
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