USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Oct 24, 1992

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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 Powerball 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 $5,500,000 for a ticket purchased in Idaho, 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:

Idaho

Drawing Date:Sat, Oct 24, 1992
Jackpot:$5,500,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$98,066$16,286$5,197$76,582
2$101,988$17,149$5,405$79,433
3$106,068$18,054$5,622$82,392
4$110,310$19,072$5,846$85,391
5$114,723$20,131$6,080$88,511
6$119,312$21,233$6,324$91,755
7$124,084$22,378$6,576$95,130
8$129,048$23,569$6,840$98,639
9$134,209$24,808$7,113$102,288
10$139,578$26,097$7,398$106,084
11$145,161$27,437$7,694$110,031
12$150,967$28,830$8,001$114,136
13$157,006$30,279$8,321$118,405
14$163,286$31,787$8,654$122,845
15$169,818$33,354$9,000$127,463
16$176,611$34,985$9,360$132,266
17$183,675$36,680$9,735$137,260
18$191,022$38,443$10,124$142,455
19$198,663$40,277$10,529$147,857
20$206,609$42,571$10,950$153,088
21$214,874$45,216$11,388$158,270
22$223,469$47,966$11,844$163,659
23$232,407$50,826$12,318$169,263
24$241,704$53,801$12,810$175,092
25$251,372$56,895$13,323$181,154
26$261,427$60,269$13,856$187,302
27$271,884$63,929$14,410$193,545
28$282,759$67,735$14,986$200,038
29$294,069$71,694$15,586$206,790
30$305,832$75,811$16,209$213,813
Total$5,500,000$1,147,562$291,499$4,060,937

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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.