USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Jul 2, 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 $10,000,000 for a ticket purchased in Oregon, 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:

Oregon

Drawing Date:Sat, Jul 2, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,390$17,652$125,259
2$185,433$37,102$18,358$129,973
3$192,850$38,882$19,092$134,876
4$200,564$40,733$19,856$139,975
5$208,587$43,204$20,650$144,733
6$216,930$45,874$21,476$149,581
7$225,608$48,650$22,335$154,622
8$234,632$51,538$23,229$159,865
9$244,017$54,542$24,158$165,318
10$253,778$57,665$25,124$170,989
11$263,929$61,144$26,129$176,656
12$274,486$64,839$27,174$182,473
13$285,466$68,682$28,261$188,522
14$296,884$72,679$29,392$194,814
15$308,760$76,835$30,567$201,357
16$321,110$81,158$31,790$208,162
17$333,954$85,653$33,061$215,240
18$347,313$90,329$34,384$222,600
19$361,205$95,191$35,759$230,255
20$375,653$100,248$37,190$238,216
21$390,679$105,507$38,677$246,495
22$406,307$110,977$40,224$255,106
23$422,559$116,665$41,833$264,061
24$439,461$122,581$43,507$273,374
25$457,040$128,733$45,247$283,060
26$475,321$135,132$47,057$293,133
27$494,334$141,786$48,939$303,609
28$514,107$148,707$50,897$314,504
29$534,672$155,904$52,933$325,835
30$556,059$163,390$55,050$337,619
Total$10,000,000$2,579,720$990,001$6,430,282

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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.