USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Dec 17, 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 $89,700,000 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, Dec 17, 2011
Jackpot:$89,700,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,599,360$549,951$92,763$956,646
2$1,663,334$573,621$96,473$993,239
3$1,729,868$598,239$100,332$1,031,297
4$1,799,062$623,841$104,346$1,070,876
5$1,871,025$650,467$108,519$1,112,038
6$1,945,866$678,158$112,860$1,154,848
7$2,023,700$706,957$117,375$1,199,369
8$2,104,649$736,908$122,070$1,245,671
9$2,188,834$768,056$126,952$1,293,826
10$2,276,388$800,451$132,030$1,343,906
11$2,367,443$834,142$137,312$1,395,990
12$2,462,141$869,180$142,804$1,450,157
13$2,560,627$905,620$148,516$1,506,491
14$2,663,052$943,517$154,457$1,565,078
15$2,769,574$982,930$160,635$1,626,008
16$2,880,357$1,023,920$167,061$1,689,376
17$2,995,571$1,066,549$173,743$1,755,279
18$3,115,394$1,110,884$180,693$1,823,818
19$3,240,010$1,156,991$187,921$1,895,098
20$3,369,610$1,204,943$195,437$1,969,229
21$3,504,394$1,254,814$203,255$2,046,326
22$3,644,570$1,306,679$211,385$2,126,506
23$3,790,353$1,360,618$219,840$2,209,894
24$3,941,967$1,416,716$228,634$2,296,617
25$4,099,646$1,475,057$237,779$2,386,810
26$4,263,632$1,535,731$247,291$2,480,610
27$4,434,177$1,598,833$257,182$2,578,161
28$4,611,544$1,664,459$267,470$2,679,615
29$4,796,006$1,732,710$278,168$2,785,128
30$4,987,846$1,803,691$289,295$2,894,860
Total$89,700,000$31,934,633$5,202,598$52,562,767

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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.