USA Mega

Vermont 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 Vermont, 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:

Vermont

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$11,853$98,252
2$142,236$26,984$12,446$102,807
3$149,348$28,690$13,068$107,589
4$156,815$30,483$13,721$112,611
5$164,656$32,364$14,407$117,884
6$172,889$34,340$15,128$123,421
7$181,533$36,415$15,884$129,234
8$190,610$38,593$16,678$135,338
9$200,140$41,108$17,512$141,520
10$210,147$44,310$18,388$147,449
11$220,655$47,673$19,307$153,675
12$231,688$51,203$20,273$160,212
13$243,272$54,910$21,286$167,076
14$255,436$58,950$22,351$174,135
15$268,207$63,420$23,468$181,319
16$281,618$68,113$24,642$188,863
17$295,699$73,042$25,874$196,783
18$310,483$78,216$27,167$205,100
19$326,008$83,650$28,526$213,832
20$342,308$89,355$29,952$223,001
21$359,423$95,345$31,450$232,628
22$377,395$101,635$33,022$242,737
23$396,264$108,240$34,673$253,351
24$416,078$115,174$36,407$264,496
25$436,881$122,456$38,227$276,199
26$458,726$130,101$40,138$288,486
27$481,662$138,129$42,145$301,388
28$505,745$146,558$44,253$314,934
29$531,032$155,408$46,465$329,158
30$557,584$164,702$48,789$344,094
Total$9,000,000$2,284,925$787,500$5,927,572

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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.