USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$48,708$522,177
2$873,390$281,342$50,657$541,391
3$908,325$294,268$52,683$561,374
4$944,658$307,711$54,790$582,157
5$982,444$321,692$56,982$603,770
6$1,021,742$336,232$59,261$626,249
7$1,062,612$351,354$61,631$649,626
8$1,105,116$367,081$64,097$673,939
9$1,149,321$383,437$66,661$699,224
10$1,195,294$400,447$69,327$725,520
11$1,243,106$418,137$72,100$752,869
12$1,292,830$436,535$74,984$781,311
13$1,344,543$455,669$77,984$810,891
14$1,398,325$475,568$81,103$841,654
15$1,454,258$496,263$84,347$873,648
16$1,512,428$517,786$87,721$906,921
17$1,572,925$540,170$91,230$941,526
18$1,635,842$563,449$94,879$977,514
19$1,701,276$587,660$98,674$1,014,942
20$1,769,327$612,839$102,621$1,053,867
21$1,840,100$639,025$106,726$1,094,350
22$1,913,704$666,258$110,995$1,136,451
23$1,990,252$694,581$115,435$1,180,237
24$2,069,862$724,037$120,052$1,225,774
25$2,152,657$754,671$124,854$1,273,132
26$2,238,763$786,530$129,848$1,322,385
27$2,328,314$819,664$135,042$1,373,608
28$2,421,446$854,123$140,444$1,426,879
29$2,518,304$889,960$146,062$1,482,282
30$2,619,036$927,231$151,904$1,539,901
Total$47,100,000$16,172,633$2,731,802$28,195,569

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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.