pension of the president of the united states
Former Presidents Act The Secretary of the Treasury pays a taxable pension to the president. Former presidents receive a pension equal to the pay that the head of an executive department (Executive Level I) would be paid, as of 2017[update] $207,800 per year.[4] The pension begins immediately after a president's departure from office.[5] A former president's spouse may also be paid a lifetime annual pension of $20,000 if they relinquish any other statutory pension.[1]
Social Security (United States) Originally the benefits received by retirees were not taxed as income. Beginning in tax year 1984, with the Reagan-era reforms to repair the system's projected insolvency, retirees with incomes over $25,000 (in the case of married persons filing separately who did not live with the spouse at any time during the year, and for persons filing as "single"), or with combined incomes over $32,000 (if married filing jointly) or, in certain cases, any income amount (if married filing separately from the spouse in a year in which the taxpayer lived with the spouse at any time) generally saw part of the retiree benefits subject to federal income tax.[118] In 1984, the portion of the benefits potentially subject to tax was 50%.[119] The Deficit Reduction Act of 1993 set the portion to 85%.