Perspective
Nov. 23, 2016
Can Trump be taxed on a salary he doesn't collect?
The president-elect recently told "60 Minutes" that he is turning down his $400,000 presidential salary. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
On the campaign trail, Candidate Donald Trump said that he would not accept a presidential salary, saying, "The first thing I'm going to do is tell you that if I'm elected president, I'm accepting no salary, OK? That's no big deal for me." Now, post-election, President-elect Donald Trump has told "60 Minutes" that he is turning down his $400,000 presidential salary: "Well, I've never commented on this, but the answer is no. I thi...
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