USA Mega

Rhode Island Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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The tax information provided here is based on 2025 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 Rhode Island, 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:

Rhode Island

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$8,114$101,991
2$142,236$26,984$8,520$106,732
3$149,348$28,690$8,946$111,711
4$156,815$30,483$9,393$116,939
5$164,656$32,364$9,863$122,429
6$172,889$34,340$10,356$128,192
7$181,533$36,415$10,874$134,244
8$190,610$38,593$11,418$140,599
9$200,140$41,108$11,988$147,044
10$210,147$44,310$12,588$153,249
11$220,655$47,673$13,217$159,765
12$231,688$51,203$13,878$166,606
13$243,272$54,910$14,572$173,790
14$255,436$58,950$15,301$181,185
15$268,207$63,420$16,066$188,722
16$281,618$68,113$16,869$196,635
17$295,699$73,042$17,712$204,944
18$310,483$78,216$18,598$213,669
19$326,008$83,650$19,528$222,830
20$342,308$89,355$20,504$232,449
21$359,423$95,345$21,529$242,549
22$377,395$101,635$22,606$253,153
23$396,264$108,240$23,736$264,288
24$416,078$115,174$24,923$275,980
25$436,881$122,456$26,169$288,256
26$458,726$130,101$27,478$301,147
27$481,662$138,129$28,852$314,681
28$505,745$146,558$30,294$328,893
29$531,032$155,408$31,809$343,815
30$557,584$164,702$33,399$359,483
Total$9,000,000$2,284,925$539,100$6,175,970

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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.