New Delhi: The stage is all set for Donald Trump’s swearing-in ceremony. He will be the 47th United States of America (USA) President. The President of the US is one of the most influential persons in the world. Not just this, the President is also offered a fantastic package, which includes a high salary annually, allowances of all kinds, perks and more. Even after the tenure, the former presidents still enjoy these benefits. Let us look at the breakdown of how much the US president earns.
Annual Salary of the US President
The President of the United States earns a salary of $400,000 annually, about Rs 3.46 crore. This amount was set by Congress in 2001. While this salary seems large compared to what most Americans earn, it has been adjusted for inflation and historical presidential pay, making it relatively modest. The salary package helps the President focus on leading the country without worrying about expenses. According to Article II of the Constitution, the President’s salary cannot be changed during their term in office.
Allowances, Travel Funds and More
In addition to the salary, the President receives extra allowances. They get a $50,000 (approx. over Rs 40 lakh) expense allowance, a $100,000 (approx. Rs 87 lakh) non-taxable travel account, and $19,000 (approx. Rs 16 lakh) for entertainment each year. In total, these allowances amount to $569,000 (Rs 4.90 crore) for yearly expenses. American law requires that any unused portion of the $50,000 allowance must be returned to the treasury.
According to a report from Business Insider, US presidents also receive $100,000 to redecorate the White House after taking office. Some presidents, like Barack Obama, chose not to use this money and paid for redecorating with their own funds.
White House Perks and Security Details
The President and their family live in the White House, where housing, meals, and maintenance costs are fully covered. The White House serves as both a home and an office, providing a safe and comfortable environment. The President receives continuous security to ensure their safety and that of their family. The Secret Service is in charge of protecting the President during outings. This security allows the President to focus on their responsibilities without worrying about personal safety or household tasks.
What was the salary of former Presidents?
Presidential salaries have changed over the years due to inflation and adjustments by Congress. When George Washington started as President in 1789, he earned $25,000 a year, which is roughly equivalent to $895,741 today. The salary increased over time, reaching $200,000 in 1969 and doubling to $400,000 in 2001.
Donald Trump’s inauguration as the 47th US President marks the beginning of a term with a substantial compensation package. The annual salary of a US President is $400,000, supplemented by significant allowances for expenses, travel, and entertainment. Beyond the financial aspects, the presidency includes substantial benefits like White House residence and comprehensive security provided by the Secret Service. This article details the full compensation and perks enjoyed by the President of the United States. knowledge Knowledge News, Photos and Videos on General Knowledge
