USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Sep 10, 2004

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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 $39,000,000 for a ticket purchased in Pennsylvania, 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:

Pennsylvania

Drawing Date:Fri, Sep 10, 2004
Jackpot:$39,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$587,006$174,221$18,021$394,764
2$616,356$184,494$18,922$412,940
3$647,174$195,412$19,868$431,894
4$679,533$207,384$20,862$451,287
5$713,509$219,956$21,905$471,649
6$749,185$233,156$23,000$493,029
7$786,644$247,016$24,150$515,479
8$825,976$261,569$25,357$539,050
9$867,275$276,849$26,625$563,801
10$910,639$292,894$27,957$589,789
11$956,171$309,740$29,354$617,076
12$1,003,979$327,430$30,822$645,728
13$1,054,178$346,003$32,363$675,812
14$1,106,887$365,506$33,981$707,400
15$1,162,232$385,983$35,681$740,568
16$1,220,343$407,484$37,465$775,394
17$1,281,360$430,061$39,338$811,962
18$1,345,428$453,766$41,305$850,358
19$1,412,700$478,656$43,370$890,674
20$1,483,335$504,791$45,538$933,005
21$1,557,502$532,233$47,815$977,453
22$1,635,377$561,047$50,206$1,024,124
23$1,717,146$591,301$52,716$1,073,128
24$1,803,003$623,068$55,352$1,124,582
25$1,893,153$656,424$58,120$1,178,609
26$1,987,811$691,447$61,026$1,235,338
27$2,087,201$728,222$64,077$1,294,902
28$2,191,561$766,835$67,281$1,357,445
29$2,301,139$807,379$70,645$1,423,115
30$2,416,196$849,950$74,177$1,492,069
Total$39,000,000$13,110,277$1,197,299$24,692,424

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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.