Donald Trump has made plenty of promises on the campaign trail and we may get to see if he follows through with a vow on day one of his presidency. Trump has pledged to forgo his presidential paycheck.
The president is entitled to receive “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.”
On September 17, 2015, Trump told a Rochester, New Hampshire crowd, “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.”
A few days later Trump reiterated that he would not take a salary as President of the United States during a Q&A on Twitter.
“As far as the salary is concerned — I won’t take even one dollar,” said Trump. “I am totally giving up my salary if I become president.”
Trump’s refusal to take a presidential salary would not unprecedented, but only two other presidents have done the same – Herbert Hoover and John F. Kennedy. Both donated their salary to charity. What charity would Trump select? Maybe the Clinton Foundation?
Forbes estimates that Donald Trump net worth is $3.7 billion, taking his property and assets into account. So while he doesn’t really need the dough, passing up on nearly a half of a million is a fantastic gesture.