USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 3, 2007

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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 $102,100,000 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, Jan 3, 2007
Jackpot:$102,100,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,820,453$629,525$96,484$1,094,444
2$1,893,271$656,468$100,343$1,136,460
3$1,969,002$684,488$104,357$1,180,157
4$2,047,762$713,629$108,531$1,225,602
5$2,129,673$743,936$112,873$1,272,864
6$2,214,860$775,455$117,388$1,322,017
7$2,303,454$808,235$122,083$1,373,136
8$2,395,592$842,326$126,966$1,426,299
9$2,491,416$877,781$132,045$1,481,590
10$2,591,072$914,654$137,327$1,539,092
11$2,694,715$953,002$142,820$1,598,893
12$2,802,504$992,884$148,533$1,661,088
13$2,914,604$1,034,361$154,474$1,725,769
14$3,031,188$1,077,497$160,653$1,793,038
15$3,152,436$1,122,358$167,079$1,862,998
16$3,278,533$1,169,015$173,762$1,935,756
17$3,409,675$1,217,537$180,713$2,011,425
18$3,546,062$1,268,000$187,941$2,090,120
19$3,687,904$1,320,482$195,459$2,171,963
20$3,835,420$1,375,063$203,277$2,257,080
21$3,988,837$1,431,827$211,408$2,345,602
22$4,148,390$1,490,862$219,865$2,437,664
23$4,314,326$1,552,258$228,659$2,533,409
24$4,486,899$1,616,110$237,806$2,632,984
25$4,666,375$1,682,516$247,318$2,736,541
26$4,853,030$1,751,578$257,211$2,844,241
27$5,047,151$1,823,403$267,499$2,956,249
28$5,249,037$1,898,101$278,199$3,072,737
29$5,458,999$1,975,787$289,327$3,193,885
30$5,677,359$2,056,580$300,900$3,319,879
Total$102,100,000$36,455,718$5,411,300$60,232,982

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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.