USA Mega

Nebraska 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 Nebraska, 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:

Nebraska

Drawing Date:Sat, Sep 28, 1996
Jackpot:$12,700,000
Federal Tax:37% marginal rate
State Tax: 5.84%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$226,442$50,148$13,224$163,070
2$235,500$53,046$13,753$168,700
3$244,920$56,097$14,303$174,520
4$254,717$59,526$14,875$180,316
5$264,905$63,092$15,470$186,343
6$275,502$66,800$16,089$192,612
7$286,522$70,657$16,733$199,131
8$297,983$74,669$17,402$205,912
9$309,902$78,840$18,098$212,963
10$322,298$83,179$18,822$220,297
11$335,190$87,691$19,575$227,924
12$348,597$92,384$20,358$235,856
13$362,541$97,264$21,172$244,105
14$377,043$102,340$22,019$252,684
15$392,125$107,618$22,900$261,606
16$407,810$113,108$23,816$270,885
17$424,122$118,817$24,769$280,536
18$441,087$124,755$25,759$290,572
19$458,730$130,930$26,790$301,010
20$477,080$137,353$27,861$311,866
21$496,163$144,032$28,976$323,155
22$516,009$150,978$30,135$334,896
23$536,650$158,202$31,340$347,107
24$558,116$165,715$32,594$359,807
25$580,440$173,529$33,898$373,014
26$603,658$181,655$35,254$386,749
27$627,804$190,475$36,664$400,665
28$652,916$199,767$38,130$415,019
29$679,033$209,430$39,656$429,948
30$706,194$219,480$41,242$445,473
Total$12,700,000$3,561,577$741,677$8,396,741

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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.