As President of the United States, Barack Obama earned a $400,000 salary, plus an expense allowance, a non-taxable travel account, an allotment for entertainment, the ability to travel around in a limo, plane, or chopper, and a rent-free pad at 1600 Pennsylvania Ave. According to CNBC, that kind of cheddar is “enough to put the president among the top 1 percent of earners in the United States.” But becoming the leader of the free world is the gift that keeps on giving when it comes to moola.
Did you know that all former presidents receive an annual pension for life, plus other perks? It’s called the Former Presidents Act, and according to The Washington Times, that legislation hooks up Obama with $207,800 annually, plus medical care, staff, and Secret Service protection. According to the Houston Chronicle, the fiscal year 2018 budget included a $536,000 request for office space for Obama. Perks for former presidents have come under fire in recent years, considering the pocketbooks of most ex-presidents have plenty of padding. Do the Obamas really need free postage for life? Keep reading and decide for yourself.
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