Salary Of President Of America

Former presidents receive a pension and other benefits when they leave office. The president s current salary of 400 000 has an additional 50 000 expense allowance.

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And he pays for all his and his guests food which in a kitchen the size of the white house is very expensive.

Salary of president of america. As commander in chief of the world s most modern and expensive military the president is considered the most powerful political figure in the world. The benefits former presidents receive is nearly 4 million dollars a year with more than 40 of that cost in office space. The president s salary was increased from 200 000 to 400 000 in 2001.

Code 102 the president of the united states makes 400 000 per year. 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. That has been the rate since bush in 2001.

As was said below he gets 400 000 a year. While this figure is much higher than the average american s salary it is easily surpassed by the likes of silicon valley executives hollywood celebrities and professional athletes. Updated may 04 2020 effective jan.

According to title 3 of the us code the us president shall earn a salary of 400 000 along with a 50 000 annual expense account a 100 000 nontaxable travel account and 19 000 for. According to 3 u s. 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.

The president also receives a 50 000 expense allowance a 100 000 non taxable travel account and. The current salary for the president of the united states is 400 000 per year with an expense account of 50 000. 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.

Forbes reports trump s net worth as of july 9 at 2 1 billion making him the first president to be a billionaire. But it is not so. Congress and president bill clinton approved the most recent increase in 1999 and effected it in 2001.

However he pays the highest tax bracket at 39 8. Since 2001 the president of the united states has earned an annual salary of 400 000. The president of the united states makes 400 000 a year.

When trump announced his decision to forgo a salary critics expressed doubt.

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