USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Dec 15, 2001

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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 $16,000,000 for a ticket purchased in Missouri, 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:

Missouri

Drawing Date:Sat, Dec 15, 2001
Jackpot:$16,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,282$70,223$14,121$200,937
2$296,693$74,217$14,686$207,789
3$308,561$78,371$15,274$214,916
4$320,903$82,691$15,885$222,327
5$333,739$87,183$16,520$230,036
6$347,089$91,856$17,181$238,052
7$360,972$96,715$17,868$246,389
8$375,411$101,769$18,583$255,060
9$390,428$107,024$19,326$264,077
10$406,045$112,490$20,099$273,455
11$422,286$118,175$20,903$283,208
12$439,178$124,087$21,739$293,352
13$456,745$130,236$22,609$303,901
14$475,015$136,630$23,513$314,872
15$494,015$143,280$24,454$326,281
16$513,776$150,196$25,432$338,148
17$534,327$157,389$26,449$350,489
18$555,700$164,870$27,507$363,323
19$577,928$172,650$28,607$376,671
20$601,045$180,741$29,752$390,553
21$625,087$189,470$30,942$404,675
22$650,091$198,721$32,179$419,190
23$676,094$208,343$33,467$434,285
24$703,138$218,349$34,805$449,984
25$731,263$228,755$36,198$466,311
26$760,514$239,578$37,645$483,291
27$790,935$250,834$39,151$500,950
28$822,572$262,539$40,717$519,315
29$855,475$274,713$42,346$538,415
30$889,694$287,374$44,040$558,280
Total$16,000,000$4,739,469$791,998$10,468,532

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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.