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Home Business How much US presidents have been paid since…

How much US presidents have been paid since George Washington

· · 1 min read

    Trump said he would forgo his salary during his second term. The White House has not publicly said where the payments have gone.

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    Other presidents have taken a similar approach — Hoover and Kennedy donated their salaries to charities.

    Since 1949, the president has also received a $50,000 expense account.

    In 1949, Congress passed an act that raised compensation to $100,000 and established a $50,000 expense account.

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    The $50,000 covers expenses related to the president’s official duties, such as dry-cleaning and hosting social gatherings. Unused funds revert to the US Treasury.

    They’ve also had a $100,000 travel budget and a $19,000 allowance for entertainment expenses.

    The $100,000 travel budget has been in effect since 1978 — before that, it was $40,000.

    When you leave office, that doesn’t mean the paychecks stop coming.

    Since 1958, presidents have received a pension equal to the “salary of a Cabinet-level secretary.” For example, Obama’s presidential pension is $253,100 annually.

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    Nairavoice
    Contributor at NairaVoice.com.ng