USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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The tax information provided here is based on 2025 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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$31,671$234,050
2$376,429$101,297$32,938$242,194
3$391,486$106,567$34,255$250,664
4$407,146$112,048$35,625$259,472
5$423,431$117,748$37,050$268,633
6$440,369$123,676$38,532$278,160
7$457,983$129,841$40,074$288,068
8$476,303$136,253$41,676$298,373
9$495,355$142,921$43,344$309,090
10$515,169$149,856$45,077$320,235
11$535,776$157,069$46,880$331,827
12$557,207$164,570$48,756$343,882
13$579,495$172,371$50,706$356,419
14$602,675$180,484$52,734$369,457
15$626,782$188,930$54,843$383,009
16$651,853$198,206$57,037$396,610
17$677,927$207,853$59,319$410,755
18$705,045$217,887$61,691$425,466
19$733,246$228,321$64,159$440,766
20$762,576$239,173$66,725$456,677
21$793,079$250,460$69,394$473,225
22$824,802$262,197$72,170$490,435
23$857,795$274,404$75,057$508,333
24$892,106$287,100$78,059$526,947
25$927,791$300,303$81,182$546,306
26$964,902$314,034$84,429$566,439
27$1,003,498$328,315$87,806$587,378
28$1,043,638$343,166$91,318$609,153
29$1,085,384$358,612$94,971$631,800
30$1,128,799$374,676$98,770$655,353
Total$20,300,000$6,264,568$1,776,248$12,259,176

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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.