USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$185,836$1,869,772
2$3,332,232$1,195,881$193,269$1,943,081
3$3,465,521$1,245,198$201,000$2,019,323
4$3,604,142$1,296,487$209,040$2,098,614
5$3,748,307$1,349,829$217,402$2,181,077
6$3,898,240$1,405,304$226,098$2,266,838
7$4,054,169$1,462,998$235,142$2,356,030
8$4,216,336$1,522,999$244,547$2,448,789
9$4,384,989$1,585,401$254,329$2,545,259
10$4,560,389$1,650,299$264,503$2,645,588
11$4,742,805$1,717,793$275,083$2,749,929
12$4,932,517$1,787,986$286,086$2,858,445
13$5,129,817$1,860,987$297,529$2,971,301
14$5,335,010$1,936,909$309,431$3,088,671
15$5,548,411$2,015,867$321,808$3,210,736
16$5,770,347$2,097,983$334,680$3,337,683
17$6,001,161$2,183,384$348,067$3,469,709
18$6,241,207$2,272,202$361,990$3,607,016
19$6,490,856$2,364,572$376,470$3,749,814
20$6,750,490$2,460,636$391,528$3,898,325
21$7,020,509$2,560,543$407,190$4,052,776
22$7,301,330$2,664,447$423,477$4,213,406
23$7,593,383$2,772,507$440,416$4,380,460
24$7,897,118$2,884,889$458,033$4,554,197
25$8,213,003$3,001,766$476,354$4,734,883
26$8,541,523$3,123,319$495,408$4,922,796
27$8,883,184$3,249,733$515,225$5,118,226
28$9,238,511$3,381,204$535,834$5,321,473
29$9,608,052$3,517,934$557,267$5,532,851
30$9,992,374$3,660,133$579,558$5,752,683
Total$179,700,000$65,377,650$10,422,600$103,899,751

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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.