The U.S. president’s compensation package includes several allowances: a $50,000 expense allowance for personal and official duties, a $100,000 non-taxable travel account for official travel expenses, a $19,000 entertainment allowance for hosting events, and $100,000 for redecorating the White House upon assuming office.
Even after leaving office, U.S. presidents retain notable financial and logistical support.
The President of the United States earns a substantial annual salary of $400,000, a figure set by Congress in 2001 and unchanged since then.
While this may seem high, it falls below the U.S. top 1% income threshold of approximately $788,000. The president’s earnings are modest compared to world leaders like Singapore’s Prime Minister, who receives around $1.6 million annually, and Hong Kong’s Chief Executive, earning about $695,000.
The U.S. president’s compensation package includes several allowances: a $50,000 expense allowance for personal and official duties, a $100,000 non-taxable travel account for official travel expenses, a $19,000 entertainment allowance for hosting events, and $100,000 for redecorating the White House upon assuming office. Together, these add up to a total annual package of around $569,000.
Beyond salary and allowances, the president enjoys valuable non-monetary benefits. Residence in the White House is provided free, along with access to Air Force One, Marine One, and a fleet of armored limousines.
The president also receives round-the-clock Secret Service protection and comprehensive healthcare, crucial aspects of this high-profile role.
By Newstoday