USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Mar 2, 2005

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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 $12,300,000 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, Mar 2, 2005
Jackpot:$12,300,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$219,310$47,866$12,490$158,955
2$228,083$50,673$12,989$164,420
3$237,206$53,592$13,509$170,105
4$246,694$56,718$14,049$175,927
5$256,562$60,171$14,611$181,779
6$266,824$63,763$15,196$187,865
7$277,497$67,499$15,803$194,195
8$288,597$71,384$16,436$200,778
9$300,141$75,424$17,093$207,624
10$312,147$79,626$17,777$214,744
11$324,633$83,996$18,488$222,149
12$337,618$88,541$19,227$229,850
13$351,123$93,268$19,996$237,859
14$365,168$98,183$20,796$246,188
15$379,774$103,296$21,628$254,850
16$394,965$108,613$22,493$263,859
17$410,764$114,142$23,393$273,229
18$427,194$119,893$24,329$282,973
19$444,282$125,874$25,302$293,107
20$462,054$132,093$26,314$303,646
21$480,536$138,562$27,367$314,607
22$499,757$145,290$28,461$326,006
23$519,747$152,286$29,600$337,861
24$540,537$159,563$30,784$350,191
25$562,159$167,130$32,015$363,014
26$584,645$175,001$33,296$376,349
27$608,031$183,186$34,627$390,218
28$632,352$192,158$36,012$404,182
29$657,646$201,517$37,453$418,676
30$683,952$211,250$38,951$433,751
Total$12,300,000$3,420,558$700,485$8,178,957

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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.