Income Of Us President

Aside from this basic salary there are other financial benefits that come with being the president.

Income of us president. The current salary for the president of the united states is 400 000 per year with an expense account of 50 000. While the 400 000 figure enough to put american presidents in the top 1 percent of the highest income earners it is just the basic salary us presidents earn for holding the position of president. Since 2001 the president of the united states has earned an annual salary of 400 000. Former presidents receive a pension and other benefits when they leave office.

Potus salary might not pay as well as other high ranking professionals but there are many benefits and perks that increase the entire compensation package. 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 s salary is set by congress and under article ii section 1 of the united states constitution may not be increased or reduced during his or her. The benefits former presidents receive is nearly 4 million dollars a year with more than 40 of that cost in office space.

Congress and president bill clinton approved the most recent increase in 1999 and effected it in 2001.