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Picture of clarebear
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How much does the President earn each year? (base salary) What about additional money?

What other perks does the President get?
 
Posts: 5308 | Location: The Motor City | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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I was taught that the Pres makes about 250k a year, and the vice pres either 175 or 125k.
I may be wrong, 250k may be 500k, and this was when I was in the 3rd grade, so it's likely it's change since then. I'd wait for someone else to confirm, but I wanted to give you an idea.
 
Posts: 202 | Location: We have great OJ | Registered: 06-12-02Reply With QuoteEdit or Delete MessageReport This Post
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Thanks Carmen. (I'm sure I will get various responses)

I wonder if they get money in addition to their regular pay. Do they get to keep gifts people give them? What about housing and food? Is that free? What about private family vacations? That is what I mean by "perks". Smile
 
Posts: 5308 | Location: The Motor City | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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The president makes $400,000 per year. He also gets (I think) $50,000 to run the White House. All "gifts of state" from other governments are the "property of the people" and remain with the government. Of course, personal gifts are excepted. No, he doesn't pay rent while in the White House. Wink And whenever he flies, it's always on Air Force One, so I guess "vacations" are sorta paid for.

At the end of his term(s) he gets $200,000 per year, plus Secret Service protection, plus an "office." Remember Bill Clinton's first choice for his office in Manahattan And the fuss it caused because of the "rent"? That's why he ended up in Harlem instead.
 
Posts: 1799 | Location: Nashville, TN | Registered: 06-05-02Reply With QuoteEdit or Delete MessageReport This Post
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I know his housing at the White House is free. Razz

I was talking about his "regular" house. (If the government pays the morgage on that) He still has to maintain his other house he had before his term at the White House.
 
Posts: 5308 | Location: The Motor City | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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It's a good thing he is not in it for the money ! Badly paid, with high responsibility and always at a fair risk of assassination. It's a wonder the job attracts someone of Mr Bush's caliber; plainly a man with an MBA, if he's any good at running a big business, would earn a lot more Smile

By comparison, Mr Blair, gets £178,000 per annum [$320,000] basic, so is about as badly paid. Tony Blair's wife, Cherie, earns a lot more than he does; estimated to £500,000 [$900,000] . She is a barrister. We assume that Laura Bush does not go out to work and so help with the housekeeping, so the Blairs may have a higher current income. (As they've just bought a house in London for £3.6 million; $6.5 million, to retire to, they may need it )
 
Posts: 8618 | Location: Newmarket, UK/ Antibes, S.France | Registered: 07-14-02Reply With QuoteEdit or Delete MessageReport This Post
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For $450,000 I would risk the assassination aspect of the job! Wink
 
Posts: 5308 | Location: The Motor City | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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A few additions
- Although the President keeps personal gifts, there are limits to the values of gifts he is permitted to accept.
- I don't know how the 'perks' are currently regulated, but some presidents have made good use of them. Washington, although he refused salary both as a general and as president, made very good use of the benefits.
 
Posts: 5891 | Location: Indiana | Registered: 06-13-02Reply With QuoteEdit or Delete MessageReport This Post
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Put in perspective vs. CEOs of large public companies:

- the President's salary is about 1/3 of a CEO's cash salary and bonuses

- the President's pay is about 1/20 of a CEO's compensation package when stock options, etc are considered

The compensation actually stinks for what may be the most difficult high profile job in the world. No wonder we get the bunch we've had recently! Although being an ex-president is kinda cool.
 
Posts: 8061 | Location: in the backwoods of North Carolina | Registered: 06-07-02Reply With QuoteEdit or Delete MessageReport This Post
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