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- The US President earns $400,000 annually and $33,000 with further allowances for expenses, entertainment, and travel, alongside entree to escaped healthcare and authoritative transport
- Former President Donald Trump donated his wage during his term, directing funds to assorted agencies, including efforts to combat the Coronavirus successful 2019
- The statesmanlike wage has lone been adjusted 5 times since 1789, with the past summation successful 2001 doubling it to its existent figure
The President of the United States earns an yearly wage of $400,000 (638 cardinal naira), which equates to $33,000 (52 cardinal naira) per month, a fig that has remained unchanged since earlier the 21st century.
Alongside the salary, the president receives $50,000 annually for idiosyncratic expenses, $19,000 for entertainment, and $100,000 for White House renovations upon moving in, according to US authorities website.
Source: Getty Images
Additional perks see escaped healthcare, question connected Air Force One, Marine helicopters, and statesmanlike limousines, arsenic good arsenic non-taxable $100,000 question expenses annually.
The instrumentality states thus:
“The President shall person successful afloat for his services during the word for which helium shall person been elected compensation successful the aggregate magnitude of $400,000 a year, to beryllium paid monthly, and successful summation an disbursal allowance of $50,000 to assistance successful defraying expenses relating to oregon resulting from the discharge of his authoritative duties. Any unused magnitude of specified disbursal allowance shall revert to the Treasury pursuant to conception 1552 of rubric 31, United States Code. No magnitude of specified disbursal allowance shall beryllium included successful the gross income of the President. He shall beryllium entitled besides to the usage of the furnishings and different effects belonging to the United States and kept successful the Executive Residence astatine the White House.”Trump’s wage donations during his presidency
During his word from 2016 to 2020, Donald Trump, worthy astir $3 cardinal according to Forbes, declined to cod his statesmanlike salary.
Instead, helium donated it quarterly to assorted agencies, including the Department of Health and Human Services successful 2019, to enactment efforts against Coronavirus. Trump remains the wealthiest idiosyncratic to person occupied the Oval Office.
Historical adjustments to Presidential salary
Since 1789, the statesmanlike wage has been adjusted lone 5 times, with the past summation occurring successful 2001, erstwhile Congress doubled it from $200,000 to $400,000.
Initially acceptable astatine $25,000, this magnitude would beryllium worthy astir $895,700 today, accounting for inflation. The rationale down the wage is to deter corruption and guarantee fiscal independency for the president.
Source: Getty Images
Salaries of Nigerian president and governors
Legit.ng earlier reported that the President of Nigeria earns an yearly wage of ₦14,058,820, translating to a monthly income of ₦1,171,568, portion authorities governors person ₦7,782,968 annually, oregon ₦648,581 monthly, according to information disposable connected RMAFC, a authorities agency.
These figures were disclosed by Muhammed Shehu, Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), successful an interview.
Shehu emphasised that governmental officeholders successful Nigeria bash not gain exorbitant salaries, contrary to fashionable belief, and noted that determination has been nary wage increment for these positions since 2007.
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Source: Legit.ng
