donald trump has prevailed over Kamala Harris in a tight election day that ended with the candidate of the republican party in the White House. Ahead of him is the challenge of governing a deeply divided country for four years, which is facing one of the most delicate moments in recent decades. But how much does the representative of the largest economy in the world earn?
The salary of the president of the United States is set by law in the United States Code. This regulation establishes that the agent receives an annual remuneration of $400,000an amount that has remained unchanged since 2001, when the last increase was approved during the George W. Bush administration.
The presidential salary is paid monthly, which is equivalent to $33,333 per month. Added to this is an allocation of $50,000 intended to cover official expenses related to its functions. This allowance is not part of your salary and any surplus must be returned to the Treasury at the end of the fiscal year.
Both amounts, both the salary and the allowance, are subject to taxes, which means that the president must pay taxes on them. There is no tax exemption for this income, despite it being related to the exercise of his responsibilities as Chief Executive.
Other benefits beyond salary
In addition to the salary, the president has the right to reside in the White House, where he can use all the property and furniture available in the official residence. This benefit includes access to all the facilities and resources that belong to the presidential residence.
The position also grants exclusive use of several official means of transportation, such as Air Force Onewhich are part of the tools necessary to fulfill their functions.
The presidential salary was regulated for the first time in 1949, and in 2001 it doubled from $200,000 to $400,000, a figure that has not been modified since then.
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