Presidents Pay After Office

President trump took to the podium sunday hours after a bombshell new york times report alleged he only paid 750 in federal income taxes in 2017 the year he took office.

Presidents pay after office. While the first spouse has many responsibilities the position does not pay a salary. For 2017 the amount was 207 800 per year. Former presidents receive a pension and other benefits when they leave office.

This also applies to presidents who resign from office. Each former president receives the same salary as a current member of the presidential cabinet. Not only do ex presidents get pension checks but they also get to expense the money they use to pay for office staff.

This amount is set annually by congress and as of 2020 was 210 700 per year. Under the former presidents act each former president is paid a lifetime taxable pension that is equal to the annual rate of basic pay for the head of an executive federal department 201 700 in 2015 the same annual salary paid to secretaries of the cabinet agencies. President donald trump paid just 750 in income taxes during his first year in office an exclusive report from the new york times found a stark difference compared to what his recent.

Us law requires the president of the united states to be paid a salary while in office. The pension begins immediately after a president s departure from office. According to title 3 of the us code a president earns a 400 000 salary and is still on government payroll.

Presidents who did not take a salary. The pension starts the minute the president officially leaves office at noon on inauguration day. The benefits former presidents receive is nearly 5 million dollars a year with more than 40 of that cost in office space.

When they first leave office they get up to 150 000 for staffing every year. According to the former presidents act former presidents receive a monthly allowance from the secretary of the treasury equal to the basic pay of the head of an executive department. As of january 2011 this amount was 199 700 according to the office of personnel management.