The U.S. presidency is not just a position of immense power and responsibility; it also comes with substantial benefits, ranging from salary to post-retirement perks. This blog delves into the financial and lifestyle benefits enjoyed by U.S. presidents, both during and after their tenure, with insights into current and former presidents like Donald Trump and Joe Biden. Presidential Salary and Allowances The annual salary of the President of the United States is $400,000, which was fixed by Congress. In addition to the salary, he gets an annual expense account of $50,000, a non-taxable travel account of $100,000, and an entertainment allowance of $19,000. These figures correspond to the huge responsibility and worldwide representation that comes with the position. Donald Trump, the then president, was known for his decision of donating his salaries to government agencies and causes during his presidency. This action represented his personal wealth and his resolve to serve the nation without benefiting financially from his position. Facilities and Privileges During Presidency The White House is the official residence of the president and is well-equipped with state-of-the-art facilities. These include private living quarters, a medical unit, recreation areas, and offices for personal staff. Air Force One and Marine One provide unparalleled travel convenience and security, while the Secret Service ensures round-the-clock protection. In addition, the president has Camp David, a country retreat used for leisure or high-level meetings. These facilities point out the necessity of a well-supported leader in order to effectively manage the country's affairs. Benefits After Leaving Office Former presidents receive significant benefits even after leaving office, as stipulated by the Former Presidents Act of 1958. Some of these are: Pension: A retired president is accorded a lifetime pension equivalent to that of a Cabinet Secretary, around $219,000 per year. This is for financial security after retirement. Office Space and Staff: Ex-presidents are funded to sustain an office and staff, ensuring that they remain active in public life. Travel Allowance: The cost of traveling on official business is also covered, and ex-presidents can be present at diplomatic or ceremonial functions. Secret Service Protection: Ex-presidents and their family members are under protection for their lifetime. That is because they have become celebrities of the entire world. Joe Biden's Pension and Future Benefits Another candidate that will qualify to receive all of the benefits described above upon retirement after their term(s) is President Joe Biden. Serving eight years as Vice President before the presidency, much of this was already known by Biden, yet he had eight years in office as a Senator and vice president before these, so these would be somewhat of a second period of benefit from his position. Criticism and Justifications While some argue that these benefits are too lavish, proponents argue that they are necessary to maintain the dignity and security of individuals who have served as the highest office in the land. The heavy burden and public scrutiny of presidents make these provisions necessary to maintain their status. Stay tuned for more updates, visit https://newstrack.com/world/us-president-donald-trump-salary-facilities-travel-allowance-white-house-how-much-pension-will-joe-biden-get-491761