USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 4, 2005

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The tax information provided here is based on 2025 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 $13,500,000 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, Jun 4, 2005
Jackpot:$13,500,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$240,706$54,089$13,708$172,909
2$250,335$57,170$14,257$178,908
3$260,348$60,669$14,827$184,852
4$270,762$64,314$15,420$191,028
5$281,592$68,105$16,037$197,451
6$292,856$72,047$16,678$204,131
7$304,570$76,147$17,345$211,078
8$316,753$80,411$18,039$218,303
9$329,423$84,845$18,761$225,817
10$342,600$89,457$19,511$233,632
11$356,304$94,254$20,292$241,759
12$370,556$99,242$21,103$250,211
13$385,379$104,430$21,947$259,002
14$400,794$109,825$22,825$268,143
15$416,825$115,436$23,738$277,651
16$433,499$121,272$24,688$287,539
17$450,838$127,341$25,675$297,822
18$468,872$133,652$26,702$308,517
19$487,627$140,217$27,770$319,640
20$507,132$147,043$28,881$331,207
21$527,417$154,143$30,036$343,238
22$548,514$161,527$31,238$355,749
23$570,454$169,206$32,487$368,761
24$593,273$177,193$33,787$382,293
25$617,004$185,498$35,138$396,367
26$641,684$194,443$36,544$410,697
27$667,351$203,940$38,006$425,405
28$694,045$213,817$39,526$440,702
29$721,807$224,089$41,107$456,611
30$750,679$234,772$42,751$473,156
Total$13,500,000$3,818,594$768,824$8,912,579

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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.