What will be the presidential salary of the billionaire Donald Trump, who has returned to the throne in the White House?
According to the US Code, the President of the United States receives an annual salary of $400,000, i.e. about BGN 726 thousand. This amount has remained unchanged since 2001 and is paid monthly.
While the annual compensation seems humorous compared to the average American, it is adjusted for inflation and historical presidential pay and remains quite modest.
It’s a bundle of financial costs that represents the huge burden of responsibility in this role to ensure that the president can focus on leading the nation without worrying about all the costs.
Many more privileges
In addition to the basic salary, the President of the United States receives many other allowances and privileges.
These include tax-free expense allowances of US$50,000 per year for personal and business purposes, a travel allowance of US0,000 per year for travel expenses of the President and his staff, an entertainment budget of US$19,000 per year , designed to welcome foreign dignitaries, state dinners and other official events.
In addition, a $100,000 remodeling fund is provided in case the White House needs remodeling after inauguration. All of these benefits ensure that the president is well provided for in the performance of his duties.
Life in the White House
The President and his family reside in the White House, with all lodging, meals, and maintenance expenses fully covered. In this way, it becomes a home and an office, offering a safe and comfortable environment. In addition, the president receives round-the-clock security to ensure the safety of both him and his family.
This elaborate security includes the Secret Service, which is responsible for protecting the president during tours or outings. Such measures allow the president to focus on his mandate without worrying too much about his personal safety or household logistics.
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