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U.S. presidents earn $400,000 a year plus benefits while in office. Here's how much they make after and which presidents have donated their salaries.
The president's salary currently sits at $400,000 annually. This amount was set by Congress in 2001 , with the passage of a provision in the treasury appropriations bill.
According to 3 U.S. Code § 102, the president of the United States makes $400,000 per year. The president also receives a $50,000 expense allowance, a $100,000 non-taxable travel account and...
By 1969, Congress raised the president’s salary to $200,000, which is about $1.5 million today. The president’s most recent raise came in 2001, up to $400,000.
As of Jan. 20, Biden earns the presidential salary of $400,000 a year, to be paid monthly, as mandated by 3 U.S. Code, Section 102. Here’s how that $400,000 annual salary breaks down:
The president's salary currently sits at $400,000 annually. This amount was set by Congress in 2001, with the passage of a provision in the Executive Schedule Pay Act. This figure has remained unchanged for over two decades, despite inflation and changes in the economy.
Why Does the President Have a Salary? On top of their pay, the President of the United States is given separate expense accounts, including non-taxable travel accounts and entertainment funds. Upon leaving office, former presidents are given a pension and office space.