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HomeNewsDonald Trump will not take salary as US president

Donald Trump will not take salary as US president

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: “The first thing I’m going to do is tell you that if I’m elected president, I’m accepting no salary, okay? That’s not a big deal for me.”

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.

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Previous wealthy presidents have donated their salaries to charity after deeming it is not financially neccessary 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.”

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