Today, November 5, Millions of American citizens will go to the polls to vote in the 2024 presidential election. While this is a crucial day, it is important to remember that the popular vote It is not the final determinant; The decision rests with the Electoral collegewhat will be decide whether Kamala Harris or Donald Trump becomes the 47th president of the United States.

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The winner will generally be recognized as “the most powerful person in the world,” a title often attributed to the president of the United States, leader of one of the world’s major powers. Beyond the great responsibility that this entails, The victor will also enjoy the perks and privileges of the office, including the presidential salary.

An American presidential salary

The salary of the POTUS is set forth in section 102 of the United States Code (USC), which was approved in 2004. This means that it does not change with each administration or governing party; All presidents receive the same remuneration.

The USC establishes that “the President will receive for his services during the term for which he has been elected a compensation of $400,000 annually, paid monthly.” Therefore, Trump or Harris will earn $33,333 per month.

Additional expenses related to the position.

In addition to salary, The commander and chief has access to $50,000 to cover expenses related to official duties. That is, this amount may cover needs such as travel expenses.

If part of this amount remains unused, the surplus is returned to the Treasury pursuant to section 1552 of title 31, United States Code. Therefore, the president does not receive any part of the $50,000 directly, whether or not the full amount is used.

Salaries of former US presidents

Until 1958, former American presidents did not receive any pensions or benefits. of the federal government. However, a law was passed that year to ensure that former occupants of the White House retained certain privileges.

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First of all, Former presidents receive a pension of about $200,000 a year. half the salary of the sitting president and similar to the salary of heads of executive departments such as the Attorney General. Besides, Widows of former presidents can receive a pension close to $20,000 annually.

Given that Joe Biden will be succeeded by either Harris or Trump, there are currently six living former US presidents, the others being Jimmy Carter, Bill Clinton, George W. Bush, Barack Obama and, of course, Donald Trump.