USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 17, 2002

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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 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 $35,000,000 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, Jul 17, 2002
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$624,053$189,088$36,195$398,771
2$649,016$198,324$37,643$413,049
3$674,976$207,929$39,149$427,899
4$701,975$217,919$40,715$443,342
5$730,054$228,308$42,343$459,403
6$759,256$239,113$44,037$476,107
7$789,627$250,350$45,798$493,479
8$821,212$262,036$47,630$511,545
9$854,060$274,190$49,535$530,335
10$888,223$286,830$51,517$549,876
11$923,752$299,976$53,578$570,198
12$960,702$313,647$55,721$591,334
13$999,130$327,866$57,950$613,314
14$1,039,095$342,653$60,268$636,175
15$1,080,659$358,031$62,678$659,949
16$1,123,885$374,025$65,185$684,674
17$1,168,840$390,659$67,793$710,389
18$1,215,594$407,958$70,504$737,132
19$1,264,218$425,948$73,325$764,945
20$1,314,787$444,659$76,258$793,870
21$1,367,378$464,118$79,308$823,952
22$1,422,073$484,355$82,480$855,238
23$1,478,956$505,401$85,779$887,775
24$1,538,114$527,290$89,211$921,614
25$1,599,639$550,054$92,779$956,806
26$1,663,624$573,729$96,490$993,405
27$1,730,169$598,350$100,350$1,031,469
28$1,799,376$623,957$104,364$1,071,055
29$1,871,351$650,588$108,538$1,112,225
30$1,946,205$678,284$112,880$1,155,042
Total$35,000,000$11,695,635$2,030,001$21,274,367

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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.