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Vermont Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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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 $321,000,000 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:Tue, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$422,757$2,662,907
2$5,073,086$1,835,230$443,895$2,793,962
3$5,326,740$1,929,082$466,090$2,931,569
4$5,593,078$2,027,626$489,394$3,076,057
5$5,872,731$2,131,098$513,864$3,227,769
6$6,166,368$2,239,744$539,557$3,387,067
7$6,474,687$2,353,822$566,535$3,554,330
8$6,798,421$2,473,603$594,862$3,729,956
9$7,138,342$2,599,374$624,605$3,914,363
10$7,495,259$2,731,434$655,835$4,107,990
11$7,870,022$2,870,096$688,627$4,311,299
12$8,263,523$3,015,691$723,058$4,524,773
13$8,676,699$3,168,566$759,211$4,748,921
14$9,110,534$3,329,085$797,172$4,984,277
15$9,566,061$3,497,630$837,030$5,231,400
16$10,044,364$3,674,602$878,882$5,490,880
17$10,546,582$3,860,423$922,826$5,763,333
18$11,073,911$4,055,535$968,967$6,049,409
19$11,627,606$4,260,402$1,017,416$6,349,789
20$12,208,987$4,475,513$1,068,286$6,665,188
21$12,819,436$4,701,379$1,121,701$6,996,356
22$13,460,408$4,938,539$1,177,786$7,344,084
23$14,133,428$5,187,556$1,236,675$7,709,197
24$14,840,100$5,449,025$1,298,509$8,092,566
25$15,582,105$5,723,566$1,363,434$8,495,104
26$16,361,210$6,011,836$1,431,606$8,917,769
27$17,179,271$6,314,518$1,503,186$9,361,567
28$18,038,234$6,632,334$1,578,345$9,827,554
29$18,940,146$6,966,042$1,657,263$10,316,841
30$19,887,153$7,316,434$1,740,126$10,830,593
Total$321,000,001$117,515,632$28,087,500$175,396,870

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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.