USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for May 27, 1992

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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 $7,200,000 for a ticket purchased in Vermont, 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:

Vermont

Drawing Date:Wed, May 27, 1992
Jackpot:$7,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$128,377$23,408$11,233$93,735
2$133,512$24,641$11,682$97,189
3$138,852$25,923$12,150$100,780
4$144,406$27,256$12,636$104,515
5$150,183$28,642$13,141$108,400
6$156,190$30,084$13,667$112,440
7$162,437$31,583$14,213$116,641
8$168,935$33,142$14,782$121,011
9$175,692$34,764$15,373$125,555
10$182,720$36,451$15,988$130,281
11$190,029$38,205$16,628$135,196
12$197,630$40,029$17,293$140,308
13$205,535$42,227$17,984$145,324
14$213,757$44,858$18,704$150,195
15$222,307$47,594$19,452$155,261
16$231,199$50,440$20,230$160,530
17$240,447$53,399$21,039$166,009
18$250,065$56,477$21,881$171,708
19$260,068$59,793$22,756$177,519
20$270,470$63,434$23,666$183,370
21$281,289$67,220$24,613$189,456
22$292,541$71,159$25,597$195,785
23$304,242$75,254$26,621$202,367
24$316,412$79,513$27,686$209,213
25$329,069$83,943$28,793$216,332
26$342,231$88,550$29,945$223,736
27$355,921$93,341$31,143$231,436
28$370,157$98,324$32,389$239,444
29$384,964$103,507$33,684$247,773
30$400,362$108,896$35,032$256,435
Total$7,200,000$1,662,057$630,001$4,907,944

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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.