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My son asked me this question the other day. So we looked it up, and found a few other facts as well.
_The most recent salary increase, to $400,000/year from $200,000/year, took effect when George W. Bush became President. The President also receives a $50,000 non-taxable expense account.
_The retirement benefits received by former Presidents include a pension, Secret Service protection, and reimbursements for staff, travel, mail, and office expenses. The Presidential pension is not a fixed amount, rather it matches the current salary of Cabinet members (or Executive Level I personnel), which is $191,300/year as of March, 2008
_P.S. I also found out that President George Washington was offered a salary of $25,000/year.
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8 comments:
That is about the best thing George Bush ever did...getting a raise for "our guy". The salary doesn't seem commensurate for the job when you consider CEO salaries at big corporations, does it? Thanks for the info, Rosemary
um wow! i did not know it went up that much!!
Hi Rosemary and Krissy -- I think Obama will be worth every penny and some!!
Hello Sabina, I always wondered too. Our PM and other Ministers arent paid well...that's why corruption is high, but I think they'll take corruption even if their salary is high too..it's in their blood, very unfortunate.
However, I also think Obama deserves every penny, he has a tough job ahead of him.
have a great week!
Wasn't it nice of Bush to give himself a raise! Obama deserves that salary, Bush didn't..thanks for the info,.
I think that the salary of a senator is even less which begs the question, how does a U.S. Senator afford a 2 million dollar home in Hyde Park?
The President has no power to increase his salary so let's not put that onus on Bush. The House of Representative holds the purse strings.
- Suzanne
Thanks Suzanne for that added bit of info!! :)
interesting factoids!
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