Donald
Trump has said he will not accept a salary for being president when he is in
the White House.
Prior to
his election victory, Mr Trump has insisted he will not “take even one dollar”
of the $400,000 presidential salary.
Speaking at
an event in September last year, he told a crowd in New Hampshire
He
reiterated the claims in a Twitter Q&A later that month. When a follower
asked: “Will you forgo the presidential salary if elected?” To which he
replied: “As far as the salary is concerned- I won’t take even one dollar. I am
totally giving up my salary if I become president.”
During his campaign, the Republican politician made much of his claims that as a millionaire business mogul he is not bound to the bidding of financial backers. Mr Trump is worth an estimated net $3.7 billion, according to Forbes.
During his campaign, the Republican politician made much of his claims that as a millionaire business mogul he is not bound to the bidding of financial backers. Mr Trump is worth an estimated net $3.7 billion, according to Forbes.
Previous
wealthy presidents have donated their salaries to charity after deeming it is
not financially necessary for them to take it as personal income. Herbert
Hoover and John F Kennedy both reportedly donated the money to charity.
The US
Code, which outlines duties and entitlements for the President,
states: “The President shall receive in full his services during the term for
which he shall have been elected compensation in the aggregate amount of
$400,000 a year, to be paid monthly, and in addition an expense allowance of
$50,000 to assist in defraying expenses relating to or resulting from the discharge
of his official duties.”
Source:
Independent.co.uk
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