Considered one of the most powerful people in the world, the USA President is the leader of the world’s only contemporary superpower.
In the United States, to qualify for holding the presidency, one needs to:
- Be a natural-born citizen of the United States
- Be at least thirty five years old
- Be a resident in the United States for at least 14 years
The President has a two-term limit, so no person can be elected president more than twice.
The first US President, George Washington, earned $25 000 a year when he came into office in 1789. Since then, there have been five pay rises.
Since 2001, the US President salary has been set at $400 000 annually. A $50 000 expense account is included, with a $100 000 non-taxable travel account and $19 000 for entertainment.
The President pays for personal, family and guest dry cleaning and food, while benefits include free transportation in the presidential limousine, Marine One and Air Force One and free housing in the White House.
At the end of their presidential terms, presidents get $200 000 annual pension, healthcare, paid official travel as well as an office.
Barack Obama is currently the 44th US President in Office, with his second term about to come to an end in November 2016, when either Hillary Clinton or Donald Trump will take over the reins.
As the Presidential race heats up, all eyes will be on the United States and its citizens. The elected President will no doubt have to deal with a range of challenges which the Obama administration are still contending with.
The US President salary should be enough to make sure that the elected President has enough resources to take care of him/herself along with the needs of his/her family, while ensuring that they are constantly on the ball and ready to improve the lives of American citizens.