USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 4, 2012

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The tax information provided here is based on 2025 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 $31,700,000 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:Wed, Jan 4, 2012
Jackpot:$31,700,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$565,214$167,372$32,189$365,653
2$587,823$175,285$33,477$379,061
3$611,336$183,515$34,816$393,005
4$635,789$192,262$36,208$407,319
5$661,221$201,672$37,657$421,892
6$687,669$211,458$39,163$437,049
7$715,176$221,635$40,729$452,811
8$743,783$232,220$42,358$469,205
9$773,535$243,228$44,053$486,254
10$804,476$254,676$45,815$503,985
11$836,655$266,583$47,648$522,425
12$870,121$278,965$49,553$541,603
13$904,926$291,843$51,536$561,548
14$941,123$305,236$53,597$582,290
15$978,768$319,164$55,741$603,863
16$1,017,919$333,650$57,970$626,298
17$1,058,635$348,715$60,289$649,631
18$1,100,981$364,383$62,701$673,897
19$1,145,020$380,678$65,209$699,134
20$1,190,821$397,624$67,817$725,380
21$1,238,454$415,248$70,530$752,676
22$1,287,992$433,577$73,351$781,064
23$1,339,512$452,640$76,285$810,587
24$1,393,092$472,464$79,337$841,291
25$1,448,816$493,082$82,510$873,224
26$1,506,768$514,525$85,810$906,433
27$1,567,039$536,825$89,243$940,972
28$1,629,721$560,017$92,813$976,891
29$1,694,910$584,137$96,525$1,014,248
30$1,762,706$609,221$100,386$1,053,098
Total$31,700,000$10,441,900$1,805,316$19,452,787

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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.