USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 18, 1999

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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 $41,400,000 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, Sep 18, 1999
Jackpot:$41,400,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$738,166$229,079$39,123$469,965
2$767,693$240,004$40,688$487,001
3$798,400$251,365$42,315$504,720
4$830,336$263,182$44,008$523,147
5$863,550$275,471$45,768$542,311
6$898,092$288,251$47,599$562,242
7$934,016$301,543$49,503$582,970
8$971,376$315,366$51,483$604,527
9$1,010,231$329,743$53,542$626,946
10$1,050,641$344,694$55,684$650,262
11$1,092,666$360,244$57,911$674,511
12$1,136,373$376,415$60,228$699,730
13$1,181,828$393,234$62,637$725,957
14$1,229,101$410,725$65,142$753,234
15$1,278,265$428,915$67,748$781,602
16$1,329,395$447,834$70,458$811,104
17$1,382,571$467,509$73,276$841,786
18$1,437,874$487,971$76,207$873,696
19$1,495,389$509,251$79,256$906,882
20$1,555,205$531,383$82,426$941,396
21$1,617,413$554,400$85,723$977,290
22$1,682,109$578,338$89,152$1,014,620
23$1,749,394$603,233$92,718$1,053,443
24$1,819,369$629,124$96,427$1,093,819
25$1,892,144$656,051$100,284$1,135,810
26$1,967,830$684,054$104,295$1,179,481
27$2,046,543$713,178$108,467$1,224,898
28$2,128,405$743,467$112,805$1,272,132
29$2,213,541$774,967$117,318$1,321,256
30$2,302,083$807,728$122,010$1,372,345
Total$41,400,000$13,996,719$2,194,201$25,209,083

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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.