USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Dec 4, 1998

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $9,000,000 for a ticket purchased in Idaho, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Idaho

Drawing Date:Fri, Dec 4, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$7,715$102,195
2$142,236$27,179$8,100$106,957
3$149,348$28,886$8,505$111,957
4$156,815$30,678$8,931$117,206
5$164,656$32,560$9,377$122,719
6$172,889$34,536$9,846$128,507
7$181,533$36,610$10,338$134,584
8$190,610$38,789$10,855$140,966
9$200,140$41,731$11,398$147,011
10$210,147$44,934$11,968$153,246
11$220,655$48,296$12,566$159,792
12$231,688$51,827$13,195$166,666
13$243,272$55,534$13,854$173,884
14$255,436$59,777$14,547$181,111
15$268,207$64,247$15,274$188,686
16$281,618$68,941$16,038$196,639
17$295,699$73,869$16,840$204,989
18$310,483$79,044$17,682$213,757
19$326,008$84,477$18,566$222,964
20$342,308$90,183$19,494$232,631
21$359,423$96,173$20,469$242,781
22$377,395$102,463$21,493$253,439
23$396,264$109,067$22,567$264,630
24$416,078$116,002$23,696$276,380
25$436,881$123,283$24,880$288,718
26$458,726$130,929$26,124$301,672
27$481,662$138,956$27,431$315,275
28$505,745$147,385$28,802$329,557
29$531,032$156,236$30,242$344,554
30$557,584$165,529$31,754$360,300
Total$9,000,000$2,303,675$512,547$6,183,773

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.