Yes, but only on his 0,000 salary and any unearned income from past investments (which are put into an independently managed blind trust during his tenure to avoid conflict of interest).

He does, however, get to live in and/or use The White House, Camp David, Air Force 1, the Presidential limos, etc. etc. etc., and have ALL the living expenses for himself (including all food, tailor made clothing, gasoline, transportation, utilities, medical care, security, golf outings, vacations, grand parties and banquets, theater performances seated in the Presidential box, private showings of new release movies, command performances by the greatest musical artists, personal servants, private secretaries, master chefs, and personal trainers) and his family paid for, TAX FREE — that is, these benefits and perqs don’t add to his taxable income. So basically, he is provided one of the most lavish life-styles in the world free of charge, and then paid 0k per year on top of that, on which he pays the standard tax rate — though he can’t claim any "uncompensated business expenses" as a deduction.

Star and rate if you like! OK? )