Herbert Hoover donated his presidential salary to charity and refused to accept money for public service to avoid corruption accusations. The current presidential salary is $400,000 USD annually, with additional benefits and expense accounts.
Herbert Hoover donated his entire presidential salary to charity. When he first entered politics, he decided never to accept money to perform any public service, so that no one would ever accuse him of corruption. He only got the presidential salary because he was required to do so by law.
Learn more about Presidential Compensation:
Since 2001, the presidential salary is $400,000 US Dollars (USD) annually. That’s 16 times that of the original presidential salary, which was set at $25,000 USD. When you look at the value of the dollar in 1789 versus the 21st century, however, the amount is actually about the same.
In addition to the salary, the job comes with many other benefits. Free lodging (in the White House), a personal physician (the President’s Physician), and a substantial pension.
In addition to his regular salary, the president is also allocated multiple expense accounts, including an extra $50,000 USD for overhead and up to $1 million USD more for “unforeseen needs.”
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