USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Aug 7, 2002

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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 $22,100,000 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, Aug 7, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$106,685$20,884$266,476
2$409,807$112,202$21,720$275,886
3$426,199$117,939$22,589$285,672
4$443,247$123,906$23,492$295,849
5$460,977$130,111$24,432$306,434
6$479,416$136,565$25,409$317,442
7$498,593$143,277$26,425$328,891
8$518,537$150,257$27,482$340,797
9$539,278$157,517$28,582$353,180
10$560,849$165,066$29,725$366,058
11$583,283$172,918$30,914$379,451
12$606,614$181,084$32,151$393,380
13$630,879$189,577$33,437$407,866
14$656,114$198,720$34,774$422,621
15$682,359$208,430$36,165$437,764
16$709,653$218,529$37,612$453,513
17$738,039$229,032$39,116$469,891
18$767,561$239,955$40,681$486,925
19$798,263$251,315$42,308$504,641
20$830,194$263,129$44,000$523,065
21$863,402$275,416$45,760$542,225
22$897,938$288,194$47,591$562,153
23$933,855$301,484$49,494$582,877
24$971,209$315,305$51,474$604,431
25$1,010,058$329,679$53,533$626,846
26$1,050,460$344,627$55,674$650,158
27$1,092,478$360,174$57,901$674,403
28$1,136,178$376,343$60,217$699,617
29$1,181,625$393,158$62,626$725,840
30$1,228,890$410,646$65,131$753,112
Total$22,100,000$6,891,240$1,171,299$14,037,464

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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.