By Rupee Finances 
The United States presidency is very few and has little leverage when it comes to
leadership under high stakes cases. However, the real remuneration could end up being
not as extravagant as one may think given the immense role. Wonder ever how much
does the president of America make or to put it more blatantly how much does the
president of America make in a year? The pay certainly gives one some surprising facts
about how the top of the government in the U.S. organizes pay.
The largest payer of social security taxes is the United States, at 36.0 percent of all
taxes paid,
(Source: The Balance Money).
The Official Salary of the President
(Credit: ThoughtCo)
Base salary of the President of the United States occupies the sum of 400,000 dollars.
The figure has since stagnated since the year 2001 when congress last made an
increment. In addition to the basic salary the president earns the following:
1: An annual expense allowance of price 50,000, on business as an official
2: A 100,000 budget in travel
3: An entertainment allowance of 19,000 dollars
These extras are meant to aid in the exercise of the demands of the presidency and are
either non taxable or are taxed partially depending on utilization. Although it is a large
figure, in the modern corporate compensation scheme of things it is way below what
some of the CEOs earn in half a bonus period.
However, with such a public service position with such far reaching effects on the globe,
this pay is considered a reasonable compromise- some accountability and paying
respect to the office.
Perks and Presidential Privileges
(Credit: Reader’s Digest)
Official salary is not the whole story. With the paycheck come lifestyle perquisites that
none can match. The president resides in the White House, which is a 132 room
mansion that has chefs, cleaners and safe working place all at the expense of
taxpayers.
It also includes transportation. Air Force One, Marine One, and a US Secret Service
controlled secure motorcade are available to the president with specialized military
personnel being used to operate them. The expenses in single or annual running of
these services run in millions yet they are free to the president.
Another huge benefit is healthcare. The president has a team of doctors stationed at the
white House medical Unit and can visit the military hospitals such as Walter Reed
national military medical center.
Combined, the vacation-weighed privileges add another 569,000 dollars to the
estimated yearly compensation of the president.
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What Happens After the Presidency?
(Former Presidents Act — Credit: Wikipedia)
Other presidents have remained lavishly supported financially and logistically even
during their post office life. Marked by the Former Presidents Act, every former
president has the right to:
1: Resources to buy an office and employees
2: Secret Service escorts
3: Expenses of touring to make an appearance publicly
4: Medical-care benefits through the military Health benefits MBH
All these post-presidency benefits are targeted to assist former presidents in their future
as government servants or as ordinary individuals so that they are given a dignified and
secure life upon leaving their presidency.
Besides this, majority of former presidents gain millions through book deals, paid
speeches, foundation work and consulting jobs. These are not included in the official
government remuneration, except that they hugely augment the life time financial gain
of a United States president.
Comparing the President’s Salary to Private Sector Roles
(Credit: GoBankingRates)
The president makes a humble sum of 400,000 as compared to CEOs of the fortune . An average S&P 500 CEO makes more than 14 million dollars annually in terms
of compensation and bonuses as well as stock option offers. Even the celebs and the
sport stars usually have much higher salaries.
And the presidency is not supposed to go toe-to-toe with Wall Street. It is a service job,
being one that is prestigious, influential and one endowed with national responsibility
over the monetary reward. The set salary exists to avoid misuse of power to profit and
to hold confidence of the people in the office.
With say, the non-monetary rewards of being the president such as free travelling,
security, accommodation and lifelong sustenance are immeasurable and special
Why This Salary Structure Matters
(Credit: ThoughtCo)
The importance of this model of salary is one of the reasons since it is a principle of
government transparency. Presidential compensations are financed by taxpayers and it
is therefore very necessary that the citizens should be aware of the exact amount the
president of America gets every year in terms of compensation and the benefits he
enjoys in the package
The fixed character and forecast of the compensation package also serve to draw
candidates that are not interested in enriching themselves but providing valuable
service to the population.
It is an era of increased cynicism by the masses regarding government expenditure and
this transparency gains confidence and establishes the fact that the elected
representatives are subjected to the same level of examination as any employee of the
governmental organization.
Conclusion
(Published by: YourBlogDomain.com)
In direct response to the most important question: The president of America is paid
400,000 dollars per year, and the overall compensation amount is approximately
569,000 dollars a year when one takes the perks and allowance into consideration.
When they leave office, the same goes on as they receive pensions, staff budgets as
well as lifetime Secret Service protection.
Also, although the position does not imply the salary of a billionaire, it does have its
kicks in terms of national honor, power, influence, and unending support, making it
one of the most prestigious, or the most lucrative given a different point of view,
positions in the world.
