USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 $35,100,000 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, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$54,761$381,329
2$650,870$199,010$56,951$394,909
3$676,905$208,643$59,229$409,033
4$703,981$218,661$61,598$423,722
5$732,140$229,080$64,062$438,998
6$761,426$239,915$66,625$454,886
7$791,883$251,184$69,290$471,409
8$823,558$262,904$72,061$488,593
9$856,500$275,093$74,944$506,464
10$890,760$287,769$77,942$525,050
11$926,391$300,952$81,059$544,379
12$963,447$314,663$84,302$564,482
13$1,001,984$328,922$87,674$585,389
14$1,042,064$343,751$91,181$607,132
15$1,083,746$359,174$94,828$629,745
16$1,127,096$375,213$98,621$653,262
17$1,172,180$391,894$102,566$677,720
18$1,219,067$409,243$106,668$703,156
19$1,267,830$427,285$110,935$729,610
20$1,318,543$446,049$115,373$757,122
21$1,371,285$465,563$119,987$785,734
22$1,426,136$485,858$124,787$815,491
23$1,483,182$506,965$129,778$846,438
24$1,542,509$528,916$134,970$878,623
25$1,604,209$551,745$140,368$912,096
26$1,668,378$575,487$145,983$946,907
27$1,735,113$600,179$151,822$983,111
28$1,804,517$625,859$157,895$1,020,763
29$1,876,698$652,566$164,211$1,059,921
30$1,951,766$680,341$170,780$1,100,645
Total$35,100,000$11,732,631$3,071,251$20,296,119

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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.