Presidential Salary: A Comprehensive Guide
What is the President's Salary?
The President of the United States receives an annual salary of $400,000, which has been the same since 2001. In addition to their salary, the President also receives a $100,000 nontaxable travel account and a $19,000 entertainment allowance. The total salary for a four-year term as President is $1.6 million.
While the President's salary may not seem particularly high when compared to other high-ranking professionals, there are a number of benefits and perks that increase the overall compensation package.
Benefits and Perks of the Presidential Salary
In addition to their salary, the President also receives the following benefits and perks:
- A free residence at the White House
- A staff of over 1,000 people
- Access to Air Force One
- A lifetime pension after serving just one term
- Healthcare for life
These benefits and perks add up to a significant increase in the President's overall compensation package. When these benefits are taken into account, the President's salary is much more competitive with other high-ranking professionals.
History of the Presidential Salary
The President's salary has been increased several times over the years. The first salary increase was in 1789, when the salary was set at $25,000. The salary was increased to $50,000 in 1873, and to $100,000 in 1949. The most recent salary increase was in 2001, when the salary was raised to $400,000.
The President's salary is set by law, and it can only be changed by an act of Congress. Congress has not voted to increase the President's salary since 2001.
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