The former president and Republican candidate Donald Trump to return to Oval Office after beating Kamala Harris in most of the territories in dispute with the Democrat, in an election that will go down in history for a campaign marked by the attempted assassination of the tycoon and the resignation of Biden.
The salary of the highest political office in the world, that of the President of the United States, is regulated by law in the United States Codewhich establishes the salary of the Chief Executive of the United States. This has remained unchanged since 2001, when the last salary increase for the position was approved.
The salary of the President of the United States
The President of the United States is paid an annual salary of 400,000 dollars paid monthlywhich means that the president receives 33,333 dollars per month salary. In addition, the position includes US$50,000 expense allowance to cover expenses related to the performance of official duties: an allowance which, according to the law, is not included in the President’s salary and the excess amount, if any, must be returned to the Treasury at the end of each fiscal year.
In addition to these amounts, which are not tax-exempt and on which tax is payable, the following are also taxablethe president has the right to use the White House executive residence and all furnishings and property that are part of the residence. In addition, they have access to vehicles, such as Air Force One, that are required for the performance of their duties.
The salary of the President of the United States was regulated in the USC Act in 1949 and was increased from $200,000 to $400,000 in 2001, under George W. Bush.
Former presidents receive a pension for life.
After leaving the White House, former u.s. presidents entitled to lifetime pensions for having served in office equivalent to some 20,000 dollars on average per month, which he explains BBC could amount to $200,000, adding up amounts for offices, assistants, travel and other items.
There are currently five living former U.S. presidents: Jimmy Carter, Bill Clinton, George W. Bush, Barack Obama and Donald Trump.
Where does Donald Trump’s fortune come from?
According to Forbes, the estimated fortune of the future president as of Sept. 2024 stood at 3.4 billion euros. And the fact is that, although Trump often boasts of having built himself, the truth is that he did not start from scratch.
In fact, according to an investigation by The New York Times in 2018, the tycoon. inherited around 384 million euros from his father, Fred Trump, over his lifetime. This inheritance, coming from the family real estate empire, provided him with a financial cushion since his childhood. From the age of 8, he was already benefiting from trust funds created by his father, which gave him early access to the business world.