Q:

Does the President Pay Taxes?

A:

Quick Answer

The President of the United States is required to pay taxes. The president is paid a salary of $400,000 per year, and also has an expense account of $50,000 per year, a travel account of $100,000 per year and a $19,000 allowance for entertainment expenses.

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Full Answer

The White House typically releases the tax returns of the president and vice president each year. The annual salary of the president of the United States was increased in 2001 to $400,000 per year with the $50,000 expense allowance.

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