For most Americans, an annual salary deep into the six figures approaching a half-million bucks a year would represent a very welcome pay raise. But for high-level Washington insiders, even a big government salary for a position of public service is almost always less than they could earn in the private sector. Joe Biden wanted to be president. Before you bust out the violin, however, keep in mind that the big gig at the White House does come with a few extra perks.
To find out just how much President Biden will earn during his time in the Oval Office, GOBankingRates gathered information from a variety of sources, most notably the U.
Code as provided by Cornell Law School. All data were collected and are up to date as of Feb. As of Jan. Code, Section That last one is a bit deceiving. Usually, hourly wages are calculated in the context of a hour workweek.
The law also requires the president to give any unused portion of the expense allowance back to the Treasury if any is left over at the end. Presidents, after all, are known to be frequent flyers. This article originally appeared on GOBankingRates. The Midlands man overcame odds of 1-in, to capture the prize, according to the South Carolina Education Lottery.
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