Trump Will Make $1 Per Year As President

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Posted: Nov 14, 2016 10:00 AM
Trump Will Make $1 Per Year As President

Donald Trump will be the third president in U.S. history to not accept a salary.

In an interview with “60 Minutes” on Sunday, the billionaire seemed to have no idea how much he would make as president, and when interviewer Lesley Stahl informed him it was $400,000, he said he’d pass.

 “No, I'm not going to take the salary. I'm not taking it," he said. “I think I have to by law take $1, so I'll take $1 a year.”

John F. Kennedy gave his congressional and presidential salaries to charity, as did Herbert Hoover, who also gave some to augment the incomes of his members of staff.

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Trump also pledged to pass on frequent vacations.

"There's just so much to be done," he said. "So I don't think we'll be very big on vacations, no."