USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Aug 13, 2005

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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 $10,000,000 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, Aug 13, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,835$8,826$133,640
2$185,433$37,546$9,179$138,708
3$192,850$39,399$9,546$143,906
4$200,564$41,867$9,928$148,769
5$208,587$44,434$10,325$153,828
6$216,930$47,104$10,738$159,088
7$225,608$49,881$11,168$164,559
8$234,632$52,769$11,614$170,249
9$244,017$55,781$12,079$176,158
10$253,778$59,197$12,562$182,019
11$263,929$62,750$13,064$188,115
12$274,486$66,445$13,587$194,454
13$285,466$70,288$14,131$201,047
14$296,884$74,284$14,696$207,904
15$308,760$78,441$15,284$215,035
16$321,110$82,763$15,895$222,452
17$333,954$87,259$16,531$230,165
18$347,313$91,934$17,192$238,186
19$361,205$96,797$17,880$246,529
20$375,653$101,853$18,595$255,205
21$390,679$107,113$19,339$264,228
22$406,307$112,582$20,112$273,612
23$422,559$118,270$20,917$283,372
24$439,461$124,186$21,753$293,522
25$457,040$130,339$22,623$304,078
26$475,321$136,737$23,528$315,056
27$494,334$143,392$24,470$326,473
28$514,107$150,312$25,448$338,347
29$534,672$157,510$26,466$350,696
30$556,059$164,995$27,525$363,538
Total$10,000,000$2,622,063$495,001$6,882,938

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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.