Do you know the salary of a president? This is how you can match it!
The office of the president was established on March 4, 1789, by the founding fathers. The office was enshrined into the constitution and the first holder of the office was George Washington. Ever since he left office, there have been a total of four pay raises and the value now stands at $400,000 annually. The first holder of the office, George Washington made only $25,000, and $669,469 in current amounts. This is after factoring in inflation and all other factors. The amount also comes with extra perks of the office. These include an extra allowance of $50,000 for extra expenses. The officeholder also has a $100,000 non-taxable travel allowance annually for personal travel. This however might be difficult to understand since all the travels are catered for by the taxpayer while the president is in office. There is also an extra amount of $19,000 that is an entertainment allowance.
