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Early life and career of Barack Obama. Barack Obama, the 44th president of the United States, was born on August 4, 1961, in Honolulu, Hawaii [1] to Barack Obama, Sr. (1936–1982) (born in Oriang' Kogelo of Rachuonyo North District, [2] Kenya) and Stanley Ann Dunham, known as Ann (1942–1995) (born in Wichita, Kansas, United States).
Celebrity Net Worth has reported Barack and Michelle Obama’s net worth as $70 million. Net worth: $70 million. Date of birth: Aug. 4, 1961. Primary sources of wealth: Presidential salary and ...
In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1] [2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00.
The economic policy of the Barack Obama administration, or in its colloquial portmanteau form "Obamanomics", was characterized by moderate tax increases on higher income Americans designed to fund health care reform, reduce the federal budget deficit, and decrease income inequality. President Obama's first term (2009–2013) included measures ...
The president gets a raise far less often than most workers. The presidential salary has only been changed five times from the initial salary. 1789: $25,000 per year. 1873: $50,000 per year. 1909 ...
Salary cap. In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both. Several sports leagues have implemented salary caps (mostly Closed leagues ), using them to ...
The United States Senate career of Barack Obama began on January 3, 2005, and ended on November 16, 2008. [1] A member of the Democratic Party from the state of Illinois, Obama previously served three terms in the Illinois Senate from 1997 to 2005. He resigned his seat in the U.S. Senate upon being elected President of the United States .
Senior Executive Service. The Senior Executive Service ( SES) [1] is a position classification in the United States federal civil service equivalent to general officer or flag officer rank in the U.S. Armed Forces. It was created in 1979 when the Civil Service Reform Act of 1978 went into effect under President Jimmy Carter.
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Leadership and other positions. Additional pay schedule for the Senate and House positions: SCHEDULE 6—VICE PRESIDENT AND MEMBERS OF CONGRESS, per Executive order 14113, effective for 2024. [3] Position. Salary. Vice President. $284,600. Senators and House Representatives.