How Much Does the President Make

How much does the president make? According to the CFF Report for Congress, last updated in 2005, the President of the United States makes $400,000 annually. This amount is due to a legislative order put into effect by President Bill Clinton, which raised the President's pay from $200,000 to $400,000 a year.

Is the President a Top Earner?
Four hundred thousand dollars is what a high-end physician makes, a little bit less than what pediatrician takes home each year and only about half of what a plastic surgeon rakes in annually. While the medical profession certainly deserves to be paid well, so does the President of the United States of America.

The Vice President makes $208,100 and also is given certain expense accounts. Retired presidents receive an annual salary of $180,100.

Who Makes More?
To put things into perspective, in the year 2008 the current President of the United States made $400,000 dollars while London-based author J.K Rowlings, who wrote the Harry Potter books, made approximately $300 million. Johnny Depp, thanks to his work in Pirates of the Caribbean, enjoyed a salary of $72 million. Basketball great Michael Jordan brought home $45 million. Miley Cirus, aka Hannah Montana, raked in $25 million.

Does it seem fair that the President of the United States of America is saddled with taking care of the welfare and safety of millions of people and celebrities make millions while they only entertain the masses? Celebrities are not faced with the same crucial decisions that the president must make with each day, yet the pay scales for politicians and celebrites are based on different criteria. It may seem unfair that people with less responsibility make more money than those who have more, but that's what makes our country a free country.

Getting a Raise
While cost-of-living raises are offered annually or bi-annually in many jobs across the nation, the president's pay has only risen twice since 1969; first from $100,000 to $200,000 in 1969, from $200,000 to $400,000 in 1999. This adjustment was put into effect due to inflation.

President George Washington, the first president of the United States, was offered a salary of $25,000. If you add the cost of living in the equation, today the president's pay would be closer to $500,000. Washington chose to do the job without pay. Another president who did the job for nothing was President John F. Kennedy, who donated his presidential pay to charity.

Presidential Perks
The president's salary is also only a tiny part of total compensation. In addition to a monthly check, the president is given an expense allowance of $50,000 and special perks that include $19,000 for entertainment and $100,000 for travel. The president is also given a free house to live in for the duration of his presidency: The White House. Free meals and entertainment are brought straight to the president's doorstep. The president also doesn't have to pay for official travel. Presidents get free use of helicopters, limousines and Air Force One, one of the world's most luxurious airplanes.

The President of the United States has been elected to handle all of the affairs of our states and nation. The president is in constant demand and never truly gets a vacation or a day off. Considering all that is expected of a president, would you say they are overpaid or working for peanuts?

Related Life123 Articles
America has almost always had a two-party system, but the Democrats and Republicans aren't the only parties that shaped our country's history. Learn about other political parties that no longer exist.

Although famous women in politics faced many obstacles, they still made significant contributions to American life. Learn about some of the women who helped shape our nation's laws.

Frequently Asked Questions on
More Related Life123 Articles

What does GOP stand for? Why is the elephant a symbol of the Republican party? The answers both lie in history.

What is the meaning of the popular vote, and how can someone become president without getting the most votes in an election? The need to protect the interests of small states holds the answer.
Gallup polls are the standard for public opinion research, but a mistake in the 1948 presidential election almost cost the organization its credibility.
© 2015 Life123, Inc. All rights reserved. An IAC Company