USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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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 $65,900,000 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, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$392,939$68,150$713,914
2$1,222,004$410,329$70,876$740,798
3$1,270,884$428,415$73,711$768,758
4$1,321,719$447,224$76,660$797,836
5$1,374,588$466,785$79,726$828,077
6$1,429,571$487,129$82,915$859,527
7$1,486,754$508,287$86,232$892,236
8$1,546,224$530,291$89,681$926,253
9$1,608,073$553,175$93,268$961,630
10$1,672,396$576,974$96,999$998,423
11$1,739,292$601,726$100,879$1,036,687
12$1,808,864$627,467$104,914$1,076,482
13$1,881,219$654,239$109,111$1,117,869
14$1,956,467$682,081$113,475$1,160,912
15$2,034,726$711,036$118,014$1,205,675
16$2,116,115$741,150$122,735$1,252,230
17$2,200,760$772,469$127,644$1,300,647
18$2,288,790$805,040$132,750$1,351,000
19$2,380,342$838,914$138,060$1,403,368
20$2,475,555$874,143$143,582$1,457,830
21$2,574,577$910,781$149,325$1,514,471
22$2,677,561$948,885$155,299$1,573,377
23$2,784,663$988,513$161,510$1,634,639
24$2,896,049$1,029,726$167,971$1,698,353
25$3,011,891$1,072,588$174,690$1,764,614
26$3,132,367$1,117,164$181,677$1,833,526
27$3,257,662$1,163,523$188,944$1,905,195
28$3,387,968$1,211,736$196,502$1,979,730
29$3,523,487$1,261,878$204,362$2,057,247
30$3,664,426$1,314,026$212,537$2,137,864
Total$65,900,000$23,128,633$3,822,199$38,949,168

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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.