USA Mega

Oregon Mega Millions Jackpot Annuity Payout Schedule for Dec 7, 2004

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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 $10,000,000 for a ticket purchased in Oregon, 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:

Oregon

Drawing Date:Tue, Dec 7, 2004
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$14,901$106,447
2$158,040$30,972$15,646$111,422
3$165,942$32,869$16,428$116,645
4$174,239$34,860$17,250$122,130
5$182,951$36,951$18,112$127,888
6$192,099$39,158$19,018$133,923
7$201,704$42,232$19,969$139,503
8$211,789$45,459$20,967$145,363
9$222,378$48,848$22,015$151,515
10$233,497$52,406$23,116$157,975
11$245,172$56,185$24,272$164,715
12$257,431$60,475$25,486$171,470
13$270,302$64,981$26,760$178,562
14$283,817$69,711$28,098$186,009
15$298,008$74,678$29,503$193,828
16$312,909$79,893$30,978$202,038
17$328,554$85,369$32,527$210,658
18$344,982$91,118$34,153$219,710
19$362,231$97,156$35,861$229,214
20$380,342$103,495$37,654$239,194
21$399,359$110,151$39,537$249,672
22$419,327$117,139$41,513$260,675
23$440,294$124,478$43,589$272,227
24$462,308$132,183$45,769$284,357
25$485,424$140,273$48,057$297,094
26$509,695$148,768$50,460$310,467
27$535,180$157,688$52,983$324,509
28$561,939$167,053$55,632$339,254
29$590,036$176,887$58,414$354,735
30$619,537$187,417$61,334$370,787
Total$10,000,000$2,638,019$990,002$6,371,986

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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.