USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 19, 2005

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The tax information provided here is based on 2026 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 $39,700,000 for a ticket purchased in Kansas, 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:

Kansas

Drawing Date:Sat, Nov 19, 2005
Jackpot:$39,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,855$217,864$40,348$449,644
2$736,169$228,340$41,962$465,868
3$765,616$239,235$43,640$482,741
4$796,241$250,566$45,386$500,289
5$828,090$262,351$47,201$518,538
6$861,214$274,606$49,089$537,518
7$895,662$287,352$51,053$557,257
8$931,489$300,608$53,095$577,786
9$968,748$314,394$55,219$599,136
10$1,007,498$328,732$57,427$621,339
11$1,047,798$343,643$59,724$644,431
12$1,089,710$359,150$62,113$668,447
13$1,133,299$375,278$64,598$693,423
14$1,178,631$392,051$67,182$719,398
15$1,225,776$409,494$69,869$746,412
16$1,274,807$427,636$72,664$774,507
17$1,325,799$446,503$75,571$803,726
18$1,378,831$466,125$78,593$834,113
19$1,433,984$486,531$81,737$865,716
20$1,491,344$507,754$85,007$898,583
21$1,550,997$529,826$88,407$932,764
22$1,613,037$552,781$91,943$968,313
23$1,677,559$576,654$95,621$1,005,284
24$1,744,661$601,482$99,446$1,043,734
25$1,814,448$627,303$103,424$1,083,721
26$1,887,025$654,157$107,560$1,125,308
27$1,962,506$682,085$111,863$1,168,559
28$2,041,007$711,130$116,337$1,213,540
29$2,122,647$741,337$120,991$1,260,319
30$2,207,553$772,752$125,831$1,308,971
Total$39,700,000$13,367,720$2,262,901$24,069,385

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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.