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The president's retirement salary is taxed. The Former Presidents Act gives each retired president a pension that is taxable. The pension begins on January 20th, when the president leaves office at noon and is replaced by the new president.Source:
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Comments
It's obviously taxed. Everyone, even the president are obliged to pay tax accordingly. It has been said for twenty years or maybe more, there is however a good case for not being able to count on Social Security as retirement income – so you need to start some retirement fund savings. You will find plans you can find through your employer – though it might shave a payday advances worth off your net income on a monthly basis.
by lestat_B on March 20th, 2010