USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 4, 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 $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: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$565,214$168,200$32,782$364,232
2$587,823$176,113$34,094$377,616
3$611,336$184,382$35,457$391,496
4$635,789$193,430$36,876$405,484
5$661,221$202,839$38,351$420,030
6$687,669$212,625$39,885$435,159
7$715,176$222,803$41,480$450,893
8$743,783$233,388$43,139$467,256
9$773,535$244,396$44,865$484,274
10$804,476$255,844$46,660$501,973
11$836,655$267,750$48,526$520,379
12$870,121$280,133$50,467$539,522
13$904,926$293,010$52,486$559,430
14$941,123$306,403$54,585$580,135
15$978,768$320,332$56,769$601,668
16$1,017,919$334,818$59,039$624,062
17$1,058,635$349,883$61,401$647,352
18$1,100,981$365,551$63,857$671,573
19$1,145,020$381,845$66,411$696,764
20$1,190,821$398,792$69,068$722,962
21$1,238,454$416,416$71,830$750,208
22$1,287,992$434,745$74,704$778,544
23$1,339,512$453,807$77,692$808,013
24$1,393,092$473,632$80,799$838,661
25$1,448,816$494,250$84,031$870,535
26$1,506,768$515,692$87,393$903,684
27$1,567,039$537,992$90,888$938,159
28$1,629,721$561,184$94,524$974,012
29$1,694,910$585,304$98,305$1,011,300
30$1,762,706$610,389$102,237$1,050,080
Total$31,700,000$10,475,948$1,838,601$19,385,456

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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.