USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Aug 22, 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 $6,200,000 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:Sat, Aug 22, 1992
Jackpot:$6,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$110,547$19,129$9,673$81,745
2$114,968$20,190$10,060$84,718
3$119,567$21,294$10,462$87,811
4$124,350$22,442$10,881$91,027
5$129,324$23,636$11,316$94,372
6$134,497$24,877$11,768$97,851
7$139,877$26,168$12,239$101,469
8$145,472$27,511$12,729$105,232
9$151,291$28,908$13,238$109,145
10$157,342$30,360$13,767$113,215
11$163,636$31,871$14,318$117,447
12$170,181$33,442$14,891$121,849
13$176,989$35,075$15,487$126,427
14$184,068$36,774$16,106$131,188
15$191,431$38,541$16,750$136,139
16$199,088$40,379$17,420$141,289
17$207,052$42,713$18,117$146,222
18$215,334$45,363$18,842$151,129
19$223,947$48,119$19,595$156,233
20$232,905$50,986$20,379$161,540
21$242,221$53,967$21,194$167,060
22$251,910$57,067$22,042$172,801
23$261,986$60,465$22,924$178,598
24$272,466$64,132$23,841$184,493
25$283,365$67,947$24,794$190,623
26$294,699$71,914$25,786$196,999
27$306,487$76,040$26,818$203,630
28$318,747$80,331$27,890$210,526
29$331,497$84,793$29,006$217,698
30$344,756$89,434$30,166$225,156
Total$6,200,000$1,353,868$542,499$4,303,632

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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.