USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 1999

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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 $22,000,000 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:Tue, Jan 12, 1999
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$86,271$18,858$226,003
2$347,688$92,066$19,801$235,822
3$365,073$98,150$20,791$246,132
4$383,326$104,539$21,830$256,957
5$402,492$111,247$22,922$268,323
6$422,617$118,291$24,068$280,258
7$443,748$125,687$25,271$292,790
8$465,935$133,452$26,535$305,948
9$489,232$141,606$27,862$319,764
10$513,694$150,168$29,255$334,271
11$539,378$159,157$30,718$349,504
12$566,347$168,596$32,253$365,498
13$594,665$178,507$33,866$382,291
14$624,398$189,215$35,559$399,624
15$655,618$200,766$37,337$417,514
16$688,399$212,895$39,204$436,299
17$722,819$225,631$41,165$456,024
18$758,960$239,003$43,223$476,734
19$796,908$253,044$45,384$498,480
20$836,753$267,786$47,653$521,314
21$878,591$283,266$50,036$545,289
22$922,520$299,520$52,538$570,462
23$968,646$316,587$55,164$596,895
24$1,017,078$334,507$57,923$624,649
25$1,067,932$353,323$60,819$653,791
26$1,121,329$373,079$63,860$684,390
27$1,177,395$393,824$67,053$716,519
28$1,236,265$415,606$70,405$750,254
29$1,298,079$438,477$73,926$785,676
30$1,362,982$462,491$77,622$822,869
Total$22,000,000$6,926,757$1,252,901$13,820,344

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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.