USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 7, 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 $43,500,000 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 7, 2012
Jackpot:$43,500,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$775,609$245,163$44,985$485,461
2$806,634$256,642$46,785$503,207
3$838,899$268,580$48,656$521,662
4$872,455$280,996$50,602$540,857
5$907,353$293,908$52,626$560,818
6$943,647$307,337$54,732$581,579
7$981,393$321,303$56,921$603,169
8$1,020,649$335,828$59,198$625,623
9$1,061,475$350,933$61,566$648,976
10$1,103,934$366,643$64,028$673,262
11$1,148,091$382,982$66,589$698,520
12$1,194,015$399,973$69,253$724,789
13$1,241,775$417,645$72,023$752,108
14$1,291,447$436,023$74,904$780,520
15$1,343,104$455,136$77,900$810,068
16$1,396,829$475,014$81,016$840,798
17$1,452,702$495,687$84,257$872,758
18$1,510,810$517,187$87,627$905,995
19$1,571,242$539,547$91,132$940,563
20$1,634,092$562,802$94,777$976,513
21$1,699,456$586,986$98,568$1,013,901
22$1,767,434$612,138$102,511$1,052,784
23$1,838,131$638,296$106,612$1,093,223
24$1,911,656$665,501$110,876$1,135,280
25$1,988,123$693,793$115,311$1,179,018
26$2,067,647$723,217$119,924$1,224,507
27$2,150,353$753,819$124,720$1,271,814
28$2,236,368$785,644$129,709$1,321,014
29$2,325,822$818,742$134,898$1,372,183
30$2,418,855$853,164$140,294$1,425,397
Total$43,500,000$14,840,629$2,523,000$26,136,367

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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.