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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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The tax information provided here is based on 2022 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 $105,000,000 for a ticket purchased in Wisconsin, 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 prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Tue, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$547,703$120,901$911,797
2$1,659,421$576,941$126,946$955,534
3$1,742,392$607,640$133,293$1,001,459
4$1,829,511$639,874$139,958$1,049,680
5$1,920,987$673,720$146,955$1,100,311
6$2,017,036$709,258$154,303$1,153,475
7$2,117,888$746,574$162,018$1,209,296
8$2,223,783$785,755$170,119$1,267,909
9$2,334,972$826,895$178,625$1,329,452
10$2,451,720$870,091$187,557$1,394,072
11$2,574,306$915,448$196,934$1,461,923
12$2,703,022$963,073$206,781$1,533,167
13$2,838,173$1,013,079$217,120$1,607,974
14$2,980,081$1,065,585$227,976$1,686,520
15$3,129,085$1,120,717$239,375$1,768,994
16$3,285,540$1,178,605$251,344$1,855,591
17$3,449,816$1,239,387$263,911$1,946,518
18$3,622,307$1,303,209$277,107$2,041,992
19$3,803,423$1,370,221$290,962$2,142,239
20$3,993,594$1,440,585$305,510$2,247,499
21$4,193,273$1,514,466$320,785$2,358,022
22$4,402,937$1,592,042$336,825$2,474,071
23$4,623,084$1,673,496$353,666$2,595,922
24$4,854,238$1,759,023$371,349$2,723,866
25$5,096,950$1,848,827$389,917$2,858,207
26$5,351,798$1,943,120$409,413$2,999,265
27$5,619,388$2,042,128$429,883$3,147,376
28$5,900,357$2,146,087$451,377$3,302,893
29$6,195,375$2,255,244$473,946$3,466,185
30$6,505,144$2,369,858$497,643$3,637,642
Total$105,000,000$37,738,651$8,032,499$59,228,851

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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.