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Asked by: Zulaica Pergament
news and politics electionsWhat is the salary for the president of the United States?
President of the United States
| President of the United States ofAmerica | |
|---|---|
| Constituting instrument | Constitution of the United States |
| Formation | March 4, 1789 |
| First holder | George Washington |
| Salary | $400,000 annually |
Similarly, you may ask, what is the salary of a retired president?
Former presidents receive a pension equal to thepay that the head of an executive department (ExecutiveLevel I) would be paid; as of 2017, it is $207,800 per year. Thepension begins immediately after a president's departurefrom office.
Besides, how does one become president of the United States?
The president must:
- Be a natural-born citizen of the United States.
- Be at least 35 years old.
- Have been a resident of the United States for 14 years.
In the United States, the president of the UnitedStates is elected indirectly through the United States ElectoralCollege to a four-year term, with a term limit of twoterms (totaling eight years) or a maximum of ten years if thepresident acted as president for two years or less ina term where another was elected as