The US President is one of the most influential people in the world, yet they haven’t received a pay raise in over 20 years.
This makes it clear that Donald Trump will receive the same salary as his predecessors, i.e. $400,000 annually. Title 3 of the United States Code specifies this amount to be paid monthly CBS News.
In addition, the president also receives an additional $50,000 to cover expenses and this is not taxable. A travel account worth $100,000 and an entertainment budget worth $19,000 are also given to the president.
Moreover, the supreme leader of the state is also entitled to other benefits. This includes a paid-for mansion known as the White House as a residence.
The last time Congress raised CEO pay, the president received $200,000 annually between 1969 and 2001.
After leaving the White House, presidents remain on the federal government’s payroll.
Previous presidents have received an annual pension since 1958, which now amounts to more than $200,000.
According to the Former Presidents Act of 1958, they also receive office space in a location of their choice and travel expenses.
It’s also worth noting that US presidents typically earn much more money when they leave office with the help of book sales, lectures, media deals, and other lucrative endeavors.