It goes without saying that the person who holds the office of President of the United States also receives a salary that is on the higher end of the pay scale, but what about the person who holds the office of Vice President? After all, being second-in-command does entail a significant amount of responsibility, so one would expect that the position would come with a respectable salary (at the very least). So, how much do vice presidents make when they are serving in their positions? This pay estimate might not be as glitzy as you were hoping for, but it’s still a very good deal all things considered.
Although the compensation of the vice president has been subject to adjustments over the course of history, it will remain unchanged at the current level of $235,100 as of 2021. Even though it may not seem like much when compared to the maximum yearly salary of the current President of the United States, which is $400,000, that amount is still significantly higher than the salary of the typical worker in the United States. The most current findings from the United States Bureau of Labor Statistics (BLS) indicate that the yearly pay of the Vice President is over 182,000 dollars higher than “the annual mean compensation for a full-time wage or salary worker in the United States,” which is only $53,490 per year.
The position of vice president comes with a variety of one-of-a-kind and opulent perks, such as a taxable expense allowance of $10,000, free housing and transportation, a private office, and a personal staff of approximately 80 employees. In addition, the vice president also has access to a private airplane. In point of fact, once a vice president has been inaugurated into office, they are granted the opportunity of relocating into a Victorian home that is approximately 9,150 square feet and is located in close proximity to the White House. Therefore, if you are concerned about whether or not Harris is having trouble making ends meet in a location that has one of the highest expenses of living in the country, you may have peace of mind knowing that she is well taken care of.
According to Senate.gov, even if the Vice President’s income isn’t at its highest capacity, the present sum is still higher than Kamala Harris’ old salary of $174,000 as a California Senator. The maximum limit for the Vice President’s compensation is $200,000.
Even though Vice President Kamala Harris holds the highest office in the United States, we don’t want to forget about other vice presidents like ones that serve in corporate office capacities. The average income for a vice president in the United States is $144,981 per year, which is equivalent to $74.35 per hour. The starting salary for an entry-level employment is $97,500 per year, while professionals with more experience can make up to $200,000 per year.
What is the average salary of a Vice President of Sales in the United States? In the United States, a Vice President of Sales has an average pay of $194,437 per year. The increased financial pay for a Vice President of Sales in the United States is typically around $123,747 on average. In the United States, a Vice President of Sales receives a total remuneration of $318,184 on average.
Salary for Vice President: Who Decides How Much Members of Congress Get Paid?
There is no system in place that will automatically adjust government wages to reflect changes in inflation. A bill that raises the salaries of members of Congress must first make it through the legislative process. Because of this, the rate of increase in CEO compensation in the United States is going to be moderately constrained. There has only been five times in the history of the United States has there been an increase in the salary of the president. The most recent increase took place during the administration of President Bill Clinton, although it wasn’t put into action until after the administration of George W. Bush.
Members of Congress also have a vote in determining their own pay. What, therefore, prevents Congress from directly benefiting from the federal budget and putting more money in their own pockets? Historically, the external obstacle, in addition to inward moral qualms, has been the possibility of being removed from office through the electoral process. This was written into law by an amendment that was initially proposed in the 1700s and eventually ratified as part of the Constitution in 1992. It should read
‘A statute that modifies the amount of money that senators and representatives get paid for their work cannot become active until after the next election for the House of Representatives has taken place.’
Or, to put it another way, salary raises for members of Congress won’t take effect until after the next inauguration, and as a result, anyone who votes to boost their income must first answer to the people who elected them. In addition, contrary to what one might anticipate, salary is identical in both the House of Representatives and the Senate.