Presidential salaries, from George Washington to Joe Biden
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Like any other job, the position of U.S. president comes with a salary and benefits.
Congress sets the salary of the president, but according to Article 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 increase the president’s 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 allowance," $100,000 for travel expenses or other entertainment allowances, according to Title 3 of the U.S. Code.
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Though it seems previous presidents didn't get nearly as much as our modern presidents — George Washington made only $25,000 a year, for example — former commanders-in-chief were, in fact, well-compensated after factoring in inflation.
The first presidential salary was $25,000, which in 2022 would actually be $798,715.91, according to an inflation calculator on officialdata.org.
President Joe Biden speaks during an event on the American Jobs Plan in the South Court Auditorium on the White House campus, Wednesday, April 7, 2021, in Washington. (AP Photo/Evan Vucci) ((AP Photo/Evan Vucci) / AP Newsroom) Congress raised the president’s salary for the first time in 1873, up to $50,000 a year. Today, that would be about $1.17 million, according to the inflation calculator. In 1909, the president’s salary was raised again to $75,000 a year, which would be $2.3 million a year today. Forty years later, in 1949, the president earned $100,000 a year — or $1.18 million today. CLICK HERE TO READ MORE ON FOX BUSINESS By 1969, Congress raised the president’s salary to $200,000, which is about $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 last 230 years since George Washington first took office. GET FOX BUSINESS ON THE GO BY CLICKING HERE Here’s a look at how much each of the 46 U.S. presidents made in office — not including any outside sources of income they may have had. 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 Ulysses S. Grant Rutherford B. Hayes James Garfield Chester Arthur Grover Cleveland Benjamin Harrison Grover Cleveland William McKinley Theodore Roosevelt William H. Taft Woodrow Wilson Warren G. Harding Calvin Coolidge Herbert Hoover Franklin D. Roosevelt Harry S. Truman Harry S. Truman Dwight D. Eisenhower John F. Kennedy Lyndon B. Johnson Richard Nixon Gerald R. Ford Jimmy Carter Ronald Reagan George H. W. Bush Bill Clinton George W. Bush Barack Obama Donald Trump Joe Biden Source: Read Full Article
1789-1872: $25,000 a year
1873-1908: $50,000 a year
1909-1948: $75,000 a year
1949-1968: $100,000 a year
1969-2000: $200,000 a year
2001-Present: $400,000 a year