How Much Money Did The First President Make
Similar any other job, the position of U.S. president comes with a salary and benefits.
Congress sets the salary of the president, simply according to Commodity II of the Constitution, the president's income cannot be changed during the term he was elected to serve in.
The last time Congress chose to increment the president'south salary was in 2001, just before George W. Bush took office.
Today, President Biden makes the same amount: $400,000. That doesn't include a $50,000 "expense assart," $100,000 for travel expenses or other entertainment allowances, according to Title 3 of the U.S. Lawmaking.
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Though it seems previous presidents didn't get nearly as much as our modern presidents -- George Washington made but $25,000 a year, for case -- former commanders-in-chief were, in fact, well-compensated later factoring in inflation.
The kickoff presidential bacon was $25,000, which in 2022 would really be $798,715.91, according to an aggrandizement figurer on officialdata.org.
Congress raised the president's salary for the first time in 1873, up to $l,000 a year. Today, that would be about $1.17 meg, co-ordinate to the inflation calculator.
In 1909, the president's salary was raised once again to $75,000 a year, which would exist $2.3 million a year today. Twoscore years later, in 1949, the president earned $100,000 a year -- or $1.eighteen million today.
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Past 1969, Congress raised the president's bacon to $200,000, which is almost $1.5 million today. The president's most recent raise came in 2001, up to $400,000.
In total, Congress has increased the president's salary five times over the concluding 230 years since George Washington first took office.
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Here's a look at how much each of the 46 U.Due south. presidents made in function -- not including whatsoever outside sources of income they may have had.
1789-1872: $25,000 a year
George Washington
John Adams
Thomas Jefferson
James Madison
James Monroe
John Quincy Adams
Andrew Jackson
Martin Van Buren
William Henry Harrison
John Tyler
James Polk
Zachary Taylor
Millard Fillmore
Franklin Pierce
James Buchanan
Abraham Lincoln
Andrew Johnson
Ulysses S. Grant
1873-1908: $50,000 a year
Ulysses Due south. Grant
Rutherford B. Hayes
James Garfield
Chester Arthur
Grover Cleveland
Benjamin Harrison
Grover Cleveland
William McKinley
Theodore Roosevelt
1909-1948: $75,000 a year
William H. Taft
Woodrow Wilson
Warren G. Harding
Calvin Coolidge
Herbert Hoover
Franklin D. Roosevelt
Harry S. Truman
1949-1968: $100,000 a year
Harry S. Truman
Dwight D. Eisenhower
John F. Kennedy
Lyndon B. Johnson
1969-2000: $200,000 a yr
Richard Nixon
Gerald R. Ford
Jimmy Carter
Ronald Reagan
George H. West. Bush-league
Bill Clinton
2001-Present: $400,000 a year
George W. Bush
Barack Obama
Donald Trump
Joe Biden
Source: https://www.foxbusiness.com/features/presidential-salaries-from-washington-to-trump
Posted by: barclaygrance.blogspot.com
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