What Is Trumps Yearly Income?
- The Donald Trump Golf Tournament
- The Executive Branch
- The debt crisis in the United States
- The Southwest Border: A Case Study
- The Donald Trump Campaign and the Education Fund
- Why should we trust the official figures?
- The case for Trump
- The President's Income from Various Source
- The Best Time to Increase Taxes and Reduce the Deficit
- The US President's refusal to release a salary
- The White House salary is not taken by the couple
- The Pew Research Center Income Calculator
The Donald Trump Golf Tournament
Every year, Trump makes a lot of money on golf. Trump owns at least 15 golf resorts. The resorts have individual values between $5 million and $300 million. Each resort makes anywhere from $1 million to $50 million a year.
The Executive Branch
Presidents and vice presidents are allowed to receive gifts for themselves or on behalf of family members, as long as the gift is not solicited, coerced, or in exchange for an official act. The Vice President's pension is the same as that of other members of Congress. Ex-Vice Presidents and their families are entitled to Secret Service protection for six months after they leave office.
The president has only been given a raise five times. A president can't get a raise while they're still in office. Most raises are gifts from the outgoing president to the future ones.
They receive funds for office space. The staff's aggregate salary is capped at $150,000 a year for the first 30 months and $96,000 a year after that. The salaries of ex-presidents are set by the act.
The debt crisis in the United States
CNN says that the debt is an estimated $315 million, which is a lot of money, because five of the loans the president took out were over $50 million.
The Southwest Border: A Case Study
Census officials have said that there should be some caution when making comparisons to estimates prior to the year of the election. The bureau previously published adjusted estimates showing what median household income would have been if the current procedures had been in place. The Southwest border is 1,954 miles long, and the new fencing constructed under Trump covers just over 20% of it. There are now about 716 miles of barriers, about 34% of the total Southwest border.
The Donald Trump Campaign and the Education Fund
Many on the internet pointed out that the donation was commendable, but that the federal budget plan calls for a $9.2 billion cut to education and higher education. Trump donated a sum of 78,333 to the restoration of Maryland's Antietam National Battlefield. The site of the bloodiest battle of the Civil War, Antietam, is part of the National Parks Service.
The gift shop at the park sold flags from the Confederacy. David P. Currie says that the presidential salary is not designed for the President's benefit. "
Why should we trust the official figures?
There are other reasons to trust the official figures. They are not based on a single question that only asks for broad ranges, but instead on a battery of questions that are specific to each of the many sources of income. The dollar amounts are added to produce a total income for each household.
The case for Trump
Critics were skeptical when Trump decided to forgo a salary. Trump takes $1 from his paychecks to get around this.
The President's Income from Various Source
The earlier version referred to the President's income from various sources. The amounts in question are revenue, not profit, since they refer to gross receipts and not to profit.
The Best Time to Increase Taxes and Reduce the Deficit
The best time to raise taxes and reduce the deficit is after the recession ends, because it's the best time to increase taxes. It keeps the economy from overheating. The measurement of economic output is the percentage of current revenue collected.
The US President's refusal to release a salary
The gesture of forgoing a salary is not new for the US leader. Herbert Hoover, who made his fortune in mining before taking office, and John F Kennedy, who was the son of a famous industrialist, both gave up their salaries and donated them to charity. It is not clear if Mr Trump's holdings in foreign countries will affect US relations or shape his policy, as he has refused to release his taxes.
The White House salary is not taken by the couple
The Associated Press reported that the White House salary was not taken by the couple. Gary Cohn, a former Goldman Sachs executive, is only taking a $30,000 salary for his work as a White House aide, while Reed Cornish, a presidential assistant, has also forgone pay.
The Pew Research Center Income Calculator
The income calculator from the Pew Research Center can help you figure out how you fit into the income class matrix. You can break down your class status by state, metropolitan area, income before taxes, and members of the household, then by education level, age, race, and marital status. In his book Dream Hoarders, Richard V. Reeves explains how the American class system is leaving everyone else in the dust.