USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Apr 19, 2000

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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 $79,700,000 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, Apr 19, 2000
Jackpot:$79,700,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,421,059$481,749$124,343$814,967
2$1,477,901$502,781$129,316$845,804
3$1,537,017$524,654$134,489$877,875
4$1,598,498$547,402$139,869$911,228
5$1,662,438$571,059$145,463$945,915
6$1,728,935$595,663$151,282$981,990
7$1,798,093$621,252$157,333$1,019,508
8$1,870,017$647,863$163,626$1,058,527
9$1,944,817$675,540$170,172$1,099,106
10$2,022,610$704,323$176,978$1,141,309
11$2,103,514$734,258$184,058$1,185,199
12$2,187,655$765,390$191,420$1,230,846
13$2,275,161$797,767$199,077$1,278,318
14$2,366,168$831,439$207,040$1,327,689
15$2,460,814$866,459$215,321$1,379,034
16$2,559,247$902,879$223,934$1,432,434
17$2,661,617$940,755$232,891$1,487,970
18$2,768,081$980,147$242,207$1,545,727
19$2,878,805$1,021,115$251,895$1,605,794
20$2,993,957$1,063,721$261,971$1,668,264
21$3,113,715$1,108,032$272,450$1,733,233
22$3,238,264$1,154,115$283,348$1,800,801
23$3,367,794$1,202,041$294,682$1,871,071
24$3,502,506$1,251,884$306,469$1,944,152
25$3,642,606$1,303,722$318,728$2,020,157
26$3,788,310$1,357,632$331,477$2,099,201
27$3,939,843$1,413,699$344,736$2,181,408
28$4,097,437$1,472,009$358,526$2,266,902
29$4,261,334$1,532,651$372,867$2,355,816
30$4,431,787$1,595,719$387,781$2,448,287
Total$79,700,000$28,167,720$6,973,749$44,558,532

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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.