How Much Money Does the President Make? The Compensation Package of the President of the United States

How much money does the President make? This is a very interesting topic to a lot of people in both the United States and around the globe, and in fact this is searched on SERPs as many as 10,000 times every single month, which is why I decided to write about it! And so, in this blog post, we’ll look at the compensation package of the President of the United States, including his income while in office, what his tax bracket likely is going to be, how much he gets in food and housing allowances, which of his expenses are paid for, and some of the other perks he gets while in office, such as the Beat, lifetime security, a pension, a huge amount of political capital and soft power, and much more. Read on or subscribe to our blog for additional information on all things money, business and politics.

Other Political offices that we’ll be reviewing on this website include the following:

How Much Money Does the President Make?Congressman

Parliament

City Council

Schoolboard

Senators

Secretary of State

Secretary of the Treasury

Secretary of Agriculture

Governors

And a host of other political positions and the compensation packages that they receive, read on or subscribe to our blog for additional details and information.

How Much Money Does the President Make? A Look at the Compensation Package of the President of the United States

So here’s what the President gets in compensation, his total comp package adds up to something like $2,000,000.00 to $3,000,000.00 per year.

$400,000 per year in salary

Housing Allowance to live in the White House

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All expenses paid for except for his food, which he has to pay for out of pocket.

Free Flights on Air Force One Whenever he wants.

Free access to the top healthcare in the country.

Lifetime health insurance.

A lifetime pension of $225,000 per year.

Vacations to Camp David, although they are definitely still working.

$50,000 Annual Expense Account

$100,000 non taxable travel account

$19,000 for specifically entertainment

Social Security and Health Insurance for Life

Free fitness center

$100,000 towards re-decorating the White House

Access to an executive chef

Access to the White House Garden

On Hand Housekeepers

Free bowling alley and jogging track

Home Movie Theater

Country home in Maryland

Full Access to Marine One

Free rides in the Beast whenever he wants

60,000 square foot guest house

Former presidents get a $200,000 per year vacation budget

$206,000 per year for life in pension

Hefty book deals after leaving office

And a host of other perks, I call this total compensation package as worth like $50,000,000 to $100,000,000 at least!

Why The President Has to Pay for his Own Food, And What type of Pension He Gets

So the one thing that I have heard is that the President has to pay for all of his own food that is used in the White House kitchen. This is for guests as well, so this can easily add up to the $20,000 entertainment budget and the other $50,000 expense account. It is such an awesome expense package that the President of the United States gets, that even for someone like Donald Trump who has say $3,000,000,000.00, it is super valuable to have all of these perks!

Final Thoughts on How Much Money The President Makes, My Opinion on His Compensation Package

I think given the fact that only a handful of people on the planet will ever become President of the United States over the centuries, and that it is quite honestly something that is so rare to get your hands on, that this compensation package is justified for the person holding this office. Have a different opinion? Comment down below and let us know what you think.

 

Cheers!

 

*Inflation Hedging.com

Sources:

https://www.bankrate.com/banking/cds/cd-rates/

https://money.cnn.com/data/markets/

 

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