USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 28, 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 $37,100,000 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, Sep 28, 2011
Jackpot:$37,100,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$661,497$202,942$38,367$420,188
2$687,957$212,732$39,901$435,323
3$715,475$222,913$41,498$451,064
4$744,094$233,502$43,157$467,434
5$773,858$244,515$44,884$484,459
6$804,812$255,968$46,679$502,165
7$837,004$267,879$48,546$520,579
8$870,485$280,267$50,488$539,729
9$905,304$293,150$52,508$559,646
10$941,516$306,549$54,608$580,359
11$979,177$320,483$56,792$601,901
12$1,018,344$334,975$59,064$624,305
13$1,059,077$350,046$61,426$647,605
14$1,101,441$365,721$63,884$671,836
15$1,145,498$382,022$66,439$697,037
16$1,191,318$398,975$69,096$723,246
17$1,238,971$416,607$71,860$750,504
18$1,288,530$434,944$74,735$778,851
19$1,340,071$454,014$77,724$808,333
20$1,393,674$473,847$80,833$838,994
21$1,449,421$494,473$84,066$870,881
22$1,507,398$515,925$87,429$904,044
23$1,567,693$538,234$90,926$938,533
24$1,630,401$561,436$94,563$974,402
25$1,695,617$585,566$98,346$1,011,705
26$1,763,442$610,661$102,280$1,050,501
27$1,833,980$636,760$106,371$1,090,849
28$1,907,339$663,903$110,626$1,132,810
29$1,983,632$692,132$115,051$1,176,450
30$2,062,978$721,489$119,653$1,221,835
Total$37,100,000$12,472,630$2,151,800$22,475,568

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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.