How much does the president make?
Traditionally, the President is the highest-paid public employee. President Obama currently earns $400,000 per year, along with a $150,000 expense account, a $100,000 nontaxable travel account and $19,000 for entertainment. The most recent raise in salary was approved by Congress and President Bill Clinton in 1999 and went into effect in 2001; prior to the change, the President earned $200,000, plus expense accounts.
As mentioned before, the President currently makes $400,000 a year in salary. This became the new level in 2001 — prior to that, the President had made $200,000 a year since 1969. In addition to his salary, a President also receives an expense account (currently $50,000); a non-taxable travel account (currently $100,000), and an entertainment account (currently $19,000). So the total package is worth $569,000 per year. On top of all of that, the President gets full and free access to the White House for living quarters and all of the White House employees and services, including White House doctors, barbers, cooks, housekeeping, security etc. The President also gets use of Air Force One, Army One, Marine One, Navy One and Coast Guard One as well as Presidential limousines when on business.
Finally, after a President leaves office they receive a pension which is set as the same salary as the current administration’s Cabinet secretaries. Currently, this means all living ex-Presidents are receiving $191,300 per year as a pension. Additionally, ex-Presidents receive travel accounts and free mailing privileges.
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Tags: earn, How much, Money, president, privileges, salary, usa
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