Donald Trump Says No to Presidential Salary of $399,000

Donald Trump says he will only take $1 per year for his presidential term, something that the law dictates.

President Trump

Even before becoming the President, Trump startled us with his plans. Now that he is the President, everyone is left wondering about the outcome of the American economy.

During his interview with Lesley Stahl on 60 Minutes, Trump shook the world by saying that he will not accept the official salary as the President of the United States. He also stated that since the law imposes him to take a salary, he responded by saying he would take only $1 a year. To which the host of the show reminded him that he is giving up $399,999.

President Trump
Image Source: Google Image – Donald Trump at this years campaign event, from left: son-in-law Jared, daughter Ivanka Trump, Donald Trump, wife Melania Trump, daughter-in-law Lara, & son Eric Trump.

The President-elect of the United States also stated that he was to leave his business affairs for his children to run the Trump Empire, allowing him to focus more on making America great again.

In fact, during the initial stages, in one of his campaigns that was held in New Hampshire, he told the people that if the presidential job was offered to him, that he wouldn’t take the salary.

President Trump
Image Source: Google Image – Donald Trump and his running mate, Indiana Governor Mike Pence on this year’s election campaign.

According to the Federal Election Commission, Trump made more than $500 million last year, and he also admitted in one of his campaigns that for many years he avoided paying income tax; so this could be the precursor to why he isn’t taking the salary.

Donald Trump also held an open Twitter Question and Answer session, motivating people to speak with him using #AskTrump. In addition, one user also asked him if he would take the presidential salary to which Trump replied – confirming for the second time – that if he were elected as the president he would not take any salary.

President Trump
Image Source: Google Image – An image showing Donald Trump’s hotel called the Trump Taj Mahal, which is located at 1000 Boardwalk in Atlantic City, New Jersey.

According to an article published by Forbes, Trump’s wealth exceeds 2 billion dollars and it has had a loss of more than 500 million since last year, however, he is not the first American President to reject the presidential salary. Two Presidents, Herbert Hoover, who was the 31st President of the United States, and John F. Kennedy who was the 35th President of the United States of America, both donated their salaries to charity.

Source: Quartz, Forbes, 60 Minutes.

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  1. Again, I’m starting to like this guy. I hope the Rothschilds don’t put a contract on him. It has been suggested that JFK was killed because he proposed 1) Creating a “real” Federal Bank owned by the USA and NOT the Rothschilds. 2) He denied nuclear technology to Israel ( The Rothschilds have been huge supporters of Israel).

  2. giving up $398,999*, not $399,999

    moot point but I’m getting tired of seeing typos on this page; it’s not helping its cause. Get a damn editor, someone whose grammar skills are up to par

    • Actually $400,000 – $1 = $399,999. In your scenario, $398,999, Trump would be taking $1001. Not trying to get a rise or anything, just simply wanted to let you know there was no typo.


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