The president’s salary may not be as rich as the executive salaries of some of the world’s most powerful corporations, but it certainly is one of the most lucrative jobs in the country. Not only does the president get paid, he also enjoys the benefits of a White House. These include a garden, a bowling alley, and personal chefs to whip up a tasty meal in the middle of the day. Despite these perks, the president’s salary is not tax-free.
However, there are ways to make tax-free money without sacrificing your free time. For instance, the US government allows you to claim tax deductions for your charitable donations. Using this tactic, you can donate your presidential salary to charity while you’re still in office.
You can even save money by using a service that makes it easy to file your taxes. Aside from helping you avoid penalties, TaxSlayer will also help you find the tax-free opportunities available to you. In fact, it will even give you a free tax preparation plan if you don’t already have one.
Who Pays the Presidents Salary?
The president of the United States receives a six-figure salary. In addition to the salary, the President of the United States receives free travel, including transportation in Air Force One and Marine One. There are also perks like office space, entertainment funds, and secret service protection.
The highest paid American presidents make about twice as much as the average salaried executive in the country. The typical US president earns about $145,032, with the top 10 percent earning more than $326,000.
Before assuming office, the 31st president, Herbert Hoover, became a multi-millionaire. During his tenure, the stock market crash sent the nation into the Great Depression. Despite the downturn, Hoover remained in the White House and received a salary of $75,000, a pension of $205,700, and health care coverage.
Four presidents have refused to accept the salary. However, the Constitution requires that the president be paid while in office.
Since then, Congress has increased the president’s salary five times. In 2001, the presidential salary was raised to $400,000, and the President of the United States was given an extra expense account of $50,000 a year.
Who Doesn T Pay Taxes?
While the likes of you may be inclined to give the president his due, it is no secret that he pays a hefty sum. It is in this context that you should make a point of doing your homework. The good news is that you won’t have to pay the price of an MBA to do it. For starters, there is a slew of free tax preparation options available online. One such service is TaxSlayer, who offers free tax preparation for the first six months. In addition to offering a no hassle solution to your tax woes, the company also provides the best possible tax rates and a no-hassle guarantee on your refund.
Aside from its free services, the White House also has a number of other amenities to enjoy, including a bowling alley, movie theater, garden and, of course, a residence. With these perks in mind, you won’t be surprised to hear that the White House isn’t all about the president. Luckily, your tax dollars go further when they do.
There are numerous online and offline resources to help you learn more about your tax situation. You will not only find out more about your particular case, you’ll also get answers to all of your burning questions.
Do Elected Officials Have to Pay Taxes?
Most politicians are more than just men and women at arms. For the most part, they’re in it for the long haul. To that end, many legislators are more interested in acquiring the requisite skills than obtaining a raise. In a crowded field of competing applicants, one has to be selective. This is no different for lawmakers in higher-paying districts. Luckily, the federal government offers a host of programs designed to help eligible members hone their skills. One notable example is the Public Service Training Program (PSTP), a series of ten online seminars in the health sciences. The program is free to those who qualify. Among other things, it can teach you how to be a health insurance salesperson. With such a bounty, it’s not hard to imagine that many lawmakers will be able to find their true calling in the field.
Do Former Philippine Presidents Get Security?
The Presidential Security Group (PSG) is the Philippine close-in protection agency. It provides security to the president and the vice president, the first family, and other important government officials and personnel. In addition, the PSG assists the Armed Forces of the Philippines (AFP) in undertaking anti-organized crime activities.
The PSG also provides support to other government agencies. Among its missions are providing assistance to victims of Super Typhoon “Yolanda” and conducting community service projects.
The PSG has a fleet of vehicles. Some of these include armored modified sedans and motorcycles. Other equipment includes Motorola-trunked 2-way radios with encryption capabilities.
Presidential Security Group is tasked with securing the president and vice president’s residences, as well as their office space. They also protect and provide escorts to visiting heads of state or diplomats.
The PSG was initially formed in 1897 and is currently led by Major Geronimo Gatmaitan. It was tasked to protect Emilio Aguinaldo. During the Second World War, the Imperial Japanese Army took over palace guard duties. After the war, the all-Filipino guard battalion was replaced by the AFP Presidential Guards Battalion.
Do Presidents Have to Pay For Food?
Keeping the president on an unpaid tether in one of the fanciest towns in the land is no small feat. The big daddy may be a mere ten floors above the bowels of grace, but there is no shortage of high and lows on the grounds. With the president in hock, a well-stocked cabinet of the ilk is a cinch. Not to mention the perks and privileges of the aforementioned occupant, oh oh. Of course, it is a matter of time, the one liners and the big dogs erupt a few echelons higher. Certainly, no one would be surprised if one of the aforementioned bloody beasts decided to call the office on the smack.
How Much Does a Philippine President Make?
The average salary of a Philippine president is P2,392,294. However, the salary range varies according to the level of the office.
At the lowest, the President’s gross salary is P2,337,338. This equates to P1,878 per hour. At the top, the Senior-level President’s gross salary is P6,627,898.
As the head of the executive branch, the Philippine President is authorized to appoint officials of the Philippine government. He also has the power to issue memorandum orders, proclamations and administrative orders. These executive issuances streamline the administration of the government.
According to the Philippine Constitution, the President’s term of office is for six years. If the president dies, the vice president takes over the presidency.
The Vice President of the Philippines is elected by direct vote. His term is from noon of the 30th day of June to noon of the 30th day of November. During his term, he is eligible for reelection.
During his term, the President is also required to lead the Armed Forces of the Philippines. In addition, he has the responsibility to supervise local governments in the Philippines.
Is the Presidents Salary a Fixed Cost?
In the modern day United States of America, it’s a fact that our presidents make a pretty penny. Although this is not surprising given the perks they receive, it’s still a big deal.
The best part is that the money isn’t just going to a few lucky winners. Most presidents get a few hundred thousand dollars in discretionary spending allowances. Some First Spouses even give up their lucrative careers for a stint in the White House.
While it’s true that the White House pays out millions in salaries to hundreds of employees, the salary isn’t just for the insiders. Among the 456 workers on the payroll, an estimated $37.8 million was awarded in 2014.
Besides the usual perks, presidents also have a handful of bling blings of their own. Using data from The Hill, they were paid an average of $82,844 per year.
Not only do presidents get a hefty paycheck, they are accompanied by an entourage of advisors, aides, and security operatives. They are able to enjoy perks like golfing, summer homes, and other enticements.
Learn More Here:
2.) Salary Data
3.) Job Salaries