USA Mega

Louisiana Powerball Jackpot Annuity Payout Schedule for Sep 28, 1996

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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 $12,700,000 for a ticket purchased in Louisiana, 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:

Louisiana

Drawing Date:Sat, Sep 28, 1996
Jackpot:$12,700,000
Federal Tax:37% marginal rate
State Tax: 4.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$226,442$50,148$10,756$165,538
2$235,500$53,046$11,186$171,267
3$244,920$56,097$11,634$177,190
4$254,717$59,526$12,099$183,092
5$264,905$63,092$12,583$189,231
6$275,502$66,800$13,086$195,615
7$286,522$70,657$13,610$202,255
8$297,983$74,669$14,154$209,160
9$309,902$78,840$14,720$216,341
10$322,298$83,179$15,309$223,810
11$335,190$87,691$15,922$231,577
12$348,597$92,384$16,558$239,655
13$362,541$97,264$17,221$248,056
14$377,043$102,340$17,910$256,794
15$392,125$107,618$18,626$265,880
16$407,810$113,108$19,371$275,331
17$424,122$118,817$20,146$285,159
18$441,087$124,755$20,952$295,380
19$458,730$130,930$21,790$306,010
20$477,080$137,353$22,661$317,066
21$496,163$144,032$23,568$328,563
22$516,009$150,978$24,510$340,521
23$536,650$158,202$25,491$352,957
24$558,116$165,715$26,510$365,890
25$580,440$173,529$27,571$379,341
26$603,658$181,655$28,674$393,329
27$627,804$190,475$29,821$407,508
28$652,916$199,767$31,014$422,136
29$679,033$209,430$32,254$437,349
30$706,194$219,480$33,544$453,171
Total$12,700,000$3,561,577$603,251$8,535,172

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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.