USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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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 Maryland, 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:

Maryland

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$12,124$97,785
2$142,236$27,179$12,730$102,327
3$149,348$28,886$13,367$107,095
4$156,815$30,678$14,035$112,102
5$164,656$32,560$14,737$117,359
6$172,889$34,536$15,474$122,879
7$181,533$36,610$16,247$128,676
8$190,610$38,789$17,060$134,761
9$200,140$41,731$17,913$140,496
10$210,147$44,934$18,808$146,406
11$220,655$48,296$19,749$152,610
12$231,688$51,827$20,736$159,125
13$243,272$55,534$21,773$165,966
14$255,436$59,777$22,861$172,797
15$268,207$64,247$24,005$179,955
16$281,618$68,941$25,205$187,472
17$295,699$73,869$26,465$195,364
18$310,483$79,044$27,788$203,651
19$326,008$84,477$29,178$212,353
20$342,308$90,183$30,637$221,489
21$359,423$96,173$32,168$231,082
22$377,395$102,463$33,777$241,155
23$396,264$109,067$35,466$251,731
24$416,078$116,002$37,239$262,837
25$436,881$123,283$39,101$274,497
26$458,726$130,929$41,056$286,741
27$481,662$138,956$43,109$299,597
28$505,745$147,385$45,264$313,095
29$531,032$156,236$47,527$327,269
30$557,584$165,529$49,904$342,151
Total$9,000,000$2,303,675$805,503$5,890,823

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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.