Average salary at U.S. Treasury Department is $103k

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President Obama was all about big government, and so he added lots of government jobs at the taxpayers’ expense.  But President Trump wants smaller government and thus, according to reports, the president is slashing federal jobs.

In a report published by the Government Executive,  the numbers show that the Trump administration has cut nearly 11,000 federal jobs in its first six months since taking over the White House.

Federal jobs dropped by 2,700 in July alone, making the grand total of jobs eliminated to 10,700 in 2017.

The report also shows that 1-million new private-sector jobs have been created during the Trump presidency.

But in order to really cut back on Obama’s massive government, President Trump will have to slash more, and more, and more people every month.

Here is a report from the Dept. of the Treasury regarding it’s own payroll:

The Federal Government is broken down into fifteen departments, each of which consists of a number of sub-departments and organizational groups tasked with accomplishing the Department’s overall goals.

The Department of the Treasury was created to manage the governments revenue. The Treasury is most commonly known for operating the Internal Revenue Service (IRS). In addition to managing taxes and revenue, the Treasury mints paper currency and coins. The Treasury has become a steward of the U.S. economy by working to promote economic growth and stability in the economy by combatting threats to the fanatical system.

Who does the Department of Treasury hire?

The Treasury primarily hires Accountants, Attorneys, Economists, Human Resource Specialists, Information Technology Specialists and Intelligence Specialists. The Alcohol and Tobacco Tax and Trade Bureau (TTB) and the Financial Crimes Enforcement Network (FinCEN), subsidiaries of the Treasury, hire Law Enforcement Officers as well.

In 2016, the most common occupation employed by the Department of Treasury was Contact Representative at 11,287 employees. The second largest occupation was Internal Revenue Agent with 10,742 employees.

The Treasury building is located in Washington D.C. where the majority of its workforce is stationed. The bureaus within the Treasury are located at several other locations around the country, including Ohio, Maryland and California. The law enforcement elements are located at one of 12 field offices around the country.

History of the Department of Treasury

Established on September 2, 1789, the Treasury Department is the nations second oldest federal department. The Treasury was first tasked with administering the sale of land in the United States. The Treasury’s responsibilities have grown to include create currency, collecting taxes, paying the nation’s bills, managing financial institutions and advising on domestic and global financial matters.

Alexander Hamilton became the nation’s first Secretary of the Treasury on September 11, 1789. Hamilton served for five tenuous years as the basic structure of the federal government was first established. When he left office in 1894, the Treasury had established the mint, had helped to pass the first bill to levy tariffs and had begun reporting about the state of the economy to congress.

In 2003, the Treasury Department as restructured as a result of the Homeland Security Act of 2002, a product of the terrorist attacks on September 11, 2011, which established the Department of Homeland Security. Several agencies including the Bureau of Alcohol, Tobacco and Firearms were transferred from the Treasury department to other departments.

As you can see in the chart below, the average salary at the Treasury Dept is $103k as of 2016.  When looking at the chart, look how the salaries started to skyrocket when Obama took office in 2008.

 

 

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