USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Dec 13, 1995

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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 $26,500,000 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:Wed, Dec 13, 1995
Jackpot:$26,500,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$472,498$134,143$25,042$313,312
2$491,398$140,758$26,044$324,595
3$511,053$147,638$27,086$336,330
4$531,496$154,793$28,169$348,534
5$552,755$162,234$29,296$361,226
6$574,866$169,972$30,468$374,426
7$597,860$178,020$31,687$388,153
8$621,775$186,390$32,954$402,430
9$646,646$195,216$34,272$417,157
10$672,511$204,786$35,643$432,082
11$699,412$214,740$37,069$447,603
12$727,388$225,091$38,552$463,746
13$756,484$235,856$40,094$480,534
14$786,743$247,052$41,697$497,994
15$818,213$258,696$43,365$516,152
16$850,942$270,806$45,100$535,036
17$884,979$283,400$46,904$554,676
18$920,378$296,497$48,780$575,101
19$957,193$310,119$50,731$596,343
20$995,481$324,285$52,761$618,435
21$1,035,300$339,018$54,871$641,411
22$1,076,713$354,341$57,066$665,306
23$1,119,781$370,276$59,348$690,156
24$1,164,572$386,849$61,722$716,001
25$1,211,155$404,085$64,191$742,879
26$1,259,601$422,010$66,759$770,833
27$1,309,985$440,652$69,429$799,904
28$1,362,385$460,040$72,206$830,139
29$1,416,880$480,203$75,095$861,583
30$1,473,555$501,173$78,098$894,284
Total$26,500,000$8,499,139$1,404,499$16,596,361

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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.