“I’ll take $1 a year,” President-elect Donald Trump said in a CBS interview on Sunday, when
asked about his salary.
"Well, I've never commented on this [editor note: comments on the issue from September 2015], but the answer is no. I
think I have to by law take $1, so I'll take $1 a year. But it's a — I don't even know what it [the presidential salary] is," Trump
explained. When anchor Lesley Stahl replied that he would be forgoing $400,000 a year, he replied, "No, I'm not going to take the
salary. I'm not taking it."
While this figure may seem astronomical to many people who save for decades to fund a 401(K), with a net worth
around $3.7 billion, Trump will probably not miss it.
Far From The First
However, not accepting a salary is not a new practice among presidents. In the '60s, President John F. Kennedy, whose family was
also very rich, gave up all of his salary to
charity. Even before him, in the late '20s and early '30s President Herbert Hoover, also pretty wealthy for his time, used to
distribute his salary among charities and his staff.
Also very famous for passing on the most significant part of large salary are:
Image Credit: By Michael Vadon (Own work) [CC BY-SA 4.0 ] via Wikimedia
Commons
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