President-elect Donald Trump has announced he will give up his presidential salary of $400,000 (£319,500) and take just $1 a year. He revealed his plan to receive nominal pay during an interview with 60 Minutes' Lesley Stahl on CBS News.
In contrast:
"When I made the decision to join politics in 2006, pay was not a key factor. Loss of privacy, public scrutiny on myself and my family and loss of personal time were. The disruption to my career was also an important consideration. I had some ground to believe that my family would not suffer a drastic change in the standard of living even though I experienced a drop in my income. So it is with this recent pay cut. If the balance is tilted further in the future, it will make it harder for any one [sic] considering political office.” (Grace Fu)"