The question of How Much Salary Of Us President often arises when discussing the responsibilities and privileges of the highest office in the United States. The President’s compensation is defined by law and has evolved over time. This article delves into the specifics of the President’s salary, expense allowance, and other benefits.
Presidential Compensation: The Base Salary
As of current law, the President of the United States receives an annual salary of $400,000, paid monthly. This figure was set by Congress and is intended to compensate the President for their services during their elected term.
Expense Allowance and Additional Perks
In addition to the base salary, the President also receives a $50,000 expense allowance each year. This allowance is intended to cover expenses “relating to or resulting from the discharge of his official duties.” It is important to note that any unused portion of this expense allowance reverts to the Treasury.
The law also stipulates that this expense allowance “shall not be included in the gross income of the President,” meaning it is not subject to income tax.
Residence and Furnishings
Beyond monetary compensation, the President is entitled to use the furniture and other effects belonging to the United States, kept in the Executive Residence at the White House. This provision ensures that the President has a suitable living and working environment throughout their term.
Historical Changes in Presidential Compensation
The President’s salary has been adjusted several times throughout history. Here’s a brief overview of some key changes:
- 1949: The salary was increased from $75,000 to $100,000 per year, and the President was given a yearly expense account of $50,000, which was tax-free.
- 1969: The salary was increased from $100,000 to $200,000.
- 1999: The salary was increased from $200,000 to $400,000, effective January 20, 2001.
- 2004: Clarification was added that any unused expense allowance reverts to the Treasury.
Transition Support for Outgoing Presidents
The Presidential Transition Act of 1963, as amended, provides services and facilities to outgoing presidents to assist in winding up the affairs of their office. This includes office space, staff, and other resources for a period of up to seven months.
Allowances and Services for Former Presidents
Former Presidents are entitled to certain allowances and services, including:
- A monetary allowance equal to the annual rate of basic pay of the head of an executive department.
- An office staff, with compensation limits.
- Suitable office space, appropriately furnished and equipped.
Conclusion: Understanding Presidential Compensation
The compensation of the U.S. President includes a $400,000 annual salary, a $50,000 expense allowance, and access to the White House and its furnishings. These provisions are designed to ensure that the President can effectively carry out the duties of the office. The historical adjustments to the salary reflect the changing times and the increasing responsibilities of the President. Knowing how much salary of US president is a critical piece of understanding the executive branch.
