USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jul 6, 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 $20,900,000 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, Jul 6, 2002
Jackpot:$20,900,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$372,649$100,802$21,614$250,234
2$387,555$106,019$22,478$259,058
3$403,057$111,445$23,377$268,235
4$419,180$117,088$24,312$277,780
5$435,947$122,956$25,285$287,706
6$453,385$129,059$26,296$298,029
7$471,520$135,407$27,348$308,765
8$490,381$142,008$28,442$319,931
9$509,996$148,873$29,580$331,543
10$530,396$156,013$30,763$343,620
11$551,612$163,439$31,993$356,179
12$573,676$171,161$33,273$369,242
13$596,623$179,193$34,604$382,826
14$620,488$187,768$35,988$396,731
15$645,308$196,952$37,428$410,928
16$671,120$206,502$38,925$425,693
17$697,965$216,435$40,482$441,048
18$725,883$226,765$42,101$457,018
19$754,919$237,508$43,785$473,626
20$785,115$248,680$45,537$490,898
21$816,520$260,300$47,358$508,862
22$849,181$272,385$49,252$527,544
23$883,148$284,953$51,223$546,973
24$918,474$298,023$53,271$567,179
25$955,213$311,617$55,402$588,194
26$993,421$325,754$57,618$610,049
27$1,033,158$340,456$59,923$632,779
28$1,074,485$355,747$62,320$656,417
29$1,117,464$371,649$64,813$681,002
30$1,162,163$388,188$67,405$706,569
Total$20,900,000$6,513,145$1,212,196$13,174,658

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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.