The US President is without doubt one of the most extremely influential individuals all over the world, receiving a considerable monetary bundle accompanied by a number of allowances and lifelong advantages. Even after the tip of their respective tenures, the previous presidents of the US proceed to take pleasure in a number of advantages.
Wage of US President
It will be shocking for a lot of to know that the US President has not been offered a elevate in 20 years.
Because of this when President-elect Donald Trump will formally take management of the White Home once more in January 2025, he’ll earn the identical wage as his predecessor, Joe Biden.
Donald Trump will earn $400,000 yearly. This yearly earnings has remained unchanged since 2001. Earlier than that, the president used to get $200,000 yearly between 1969 and 2001.
Perks and allowances
Along with the annual remuneration, the US President can also be entitled to a number of different allowances and advantages. Amongst these embrace a non-taxable expense allowance of $50,000, a journey account of $1,00,000 in addition to an leisure finances of $19,000 yearly.
Furthermore, there’s a Redecoration Allowance — $100,000 — in case the official residence, The White Home, requires redecorating as the brand new President takes cost.
Altogether, these a number of advantages make sure that the US President is well-supported in his publish to steer the nation.
Official residence and safety
Other than the varied advantages, the US President can also be entitled to remain on the official residence — the White Home — together with household. It have to be famous that every one the prices of housing, together with its upkeep, are absolutely coated.
The White Home serves each because the official residence and office for the US President, thereby providing a cushty and secure atmosphere.
The US President, together with the relations, can also be offered round the clock safety safety, together with the Secret Service.
Advantages after demitting workplace
The US Presidents, even after they depart workplace, stay on the federal government’s payroll and after given an annual pension, which now quantities to over $200,000.
Moreover, they’re supplied with workplace area and journey bills, as per the Former Presidents Act of 1958.
Additionally, they get to earn cash via numerous different endeavours, together with guide gross sales, talking engagements and others.