The President of the United States is the highest political workplace title one can have in America. But how a lot does the president really make? You could also be stunned by the quantity.

Former Vice President Joe Biden was elected as the forty sixth president of the United States on November 7, 2020, after a win in swing states, equivalent to Nevada and Pennsylvania. His operating mate, former Senator Kamala Harris of California, was additionally elected as the forty ninth Vice President of the United States and have become the first girl to carry the title. The Democratic staff beat former President Donald Trump and Vice President Mike Pence to win the 2020 election. Biden and Harris took oath of workplace as the subsequent POTUS and VPOTUS on Inauguration Day on Jaunuary 20, 2021.

Like most U.S. federal authorities jobs, the president does obtain a wage, which implies that Biden is paid for his job as the commander-in-chief and as the head of presidency. But Americans could also be stunned at how a lot the president will get paid annually—at the very least, in comparison with somebody like the Queen of England. Read about how a lot the president earns forward.

How a lot does the president make?

According to three U.S. Code § 102, the president of the United States makes $400,000 per 12 months. The president additionally receives a $50,000 expense allowance, a $100,000 non-taxable journey account and $19,000 for leisure annually. (Per the code, any unused quantity from the $50,000 expense allowance should even be returned to the treasury.) In complete, this equals to $569,000 for all of the president’s bills annually. (The First Lady, on the different hand, doesn’t make any cash.) Since George Washington grew to become the first president of the United States in 1789, there have been 5 wage will increase for the commander-in-chief. The most up-to-date was in 2001 when the wage doubled from $200,000 to $400,000. Washington, for his half, made $25,000 per 12 months, which equals to $600,000 at present after factoring in inflation.

Though a wage is obtainable to the president, not all commanders-in-chief have accepted. According to Politico, Herbert Hoover, the thirty first president, was the first president to refuse his wage when he was elected in 1917. He as an alternative donated it to charity. John F. Kennedy, the thirty fifth president, additionally refused his wage when he was elected in 1961. Per Politico, he rejected each his congressional wage when he was a member of the House of Representatives and his presidential wage as POTUS. He did, nevertheless, hold his $50,000 expense allowance. Like Hoover, Kennedy donated his presidential wage to numerous charities.

Biden’s extra earnings for 2024 was drawn from curiosity on investments, pensions, and a company entity that collects the couple’s guide royalties.

What are different presidential perks?

Along with their wage, the president additionally receives quite a few perks as POTUS. The first is free transportation in the presidential limousine, Marine One, and Air Force One. Presidents additionally, after all, obtain free housing in the White House. At the finish of their phrases, presidents stay on the authorities payroll, which incorporates an annual pension of about $200,000, healthcare, paid official journey and an workplace, in response to Business Insider.

Per Business Insider, presidents additionally obtain $100,000 to redecorate the White House as soon as they’re elected. (Several presidents, equivalent to Barack Obama, selected to to not use the cash and used their very own funds to redecorate as an alternative.) On the meals facet, the president additionally has entry to the White House’s contemporary fruits and vegetable backyard, in addition to has meals created by an govt chef and an govt pastry chef. There are additionally greater than 100 everlasting residents in the White House, together with maids, cooks, a plumber, a florist and a head housekeeper, in response to Business Insider. Inside the White House, there’s additionally a film theatre and a bowling alley.

So, whereas the president isn’t making thousands and thousands of {dollars} annually, like, say, the Kardashians, it appears they’ve all the pieces they want in the White House, plus just a few hundred 1000’s of {dollars} of spending cash. According to Forbes, Biden’s internet price is $10 million, which incorporates the cash he’s made as a senator, vp, and now president. The sum additionally consists of the six-figure guide offers he’s been paid in the previous. Not dangerous.