*: estimated income based on 48 forty hours weeks per year.
$450,000 a year for President Obama it means $37,500 per month, $9,375 per week or $1,875.00 per day! The president of the United states earns$400,000 per year. Plus a $50,000 stipend for expenses. (even though every single thing that they want is catered and given to them... so they should have no expenses). While this is nowhere near the amount of money some of the rich bigwigs of the world make it is significant chunk of change.