USA Mega

Mississippi Mega Millions Jackpot Annuity Payout Schedule for Dec 8, 2000

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The tax information provided here is based on 2026 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 Mississippi, 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:

Mississippi

Drawing Date:Fri, Dec 8, 2000
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,109$5,419$104,935
2$142,236$26,735$5,689$109,812
3$149,348$28,441$5,974$114,932
4$156,815$30,234$6,273$120,309
5$164,656$32,115$6,586$125,954
6$172,889$34,091$6,916$131,882
7$181,533$36,166$7,261$138,106
8$190,610$38,344$7,624$144,641
9$200,140$40,632$8,006$151,503
10$210,147$43,703$8,406$158,038
11$220,655$47,066$8,826$164,763
12$231,688$50,596$9,268$171,824
13$243,272$54,303$9,731$179,238
14$255,436$58,195$10,217$187,023
15$268,207$62,642$10,728$194,837
16$281,618$67,335$11,265$203,018
17$295,699$72,264$11,828$211,607
18$310,483$77,438$12,419$220,626
19$326,008$82,872$13,040$230,095
20$342,308$88,577$13,692$240,039
21$359,423$94,567$14,377$250,479
22$377,395$100,857$15,096$261,441
23$396,264$107,462$15,851$272,952
24$416,078$114,396$16,643$285,038
25$436,881$121,678$17,475$297,728
26$458,726$129,323$18,349$311,053
27$481,662$137,351$19,266$325,044
28$505,745$145,780$20,230$339,735
29$531,032$154,630$21,241$355,160
30$557,584$163,924$22,303$371,357
Total$9,000,000$2,266,826$359,999$6,373,169

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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.