USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$174,735$1,126,337
2$2,076,850$725,455$181,724$1,169,671
3$2,159,924$756,192$188,993$1,214,738
4$2,246,321$788,159$196,553$1,261,609
5$2,336,174$821,405$204,415$1,310,354
6$2,429,621$855,980$212,592$1,361,049
7$2,526,806$891,938$221,095$1,413,772
8$2,627,878$929,335$229,939$1,468,603
9$2,732,993$968,228$239,137$1,525,628
10$2,842,313$1,008,676$248,702$1,584,934
11$2,956,005$1,050,742$258,650$1,646,612
12$3,074,245$1,094,491$268,996$1,710,758
13$3,197,215$1,139,990$279,756$1,777,469
14$3,325,104$1,187,309$290,947$1,846,848
15$3,458,108$1,236,520$302,584$1,919,003
16$3,596,432$1,287,700$314,688$1,994,044
17$3,740,289$1,340,927$327,275$2,072,087
18$3,889,901$1,396,284$340,366$2,153,251
19$4,045,497$1,453,854$353,981$2,237,662
20$4,207,317$1,513,728$368,140$2,325,449
21$4,375,610$1,575,996$382,866$2,416,748
22$4,550,634$1,640,755$398,180$2,511,699
23$4,732,659$1,708,104$414,108$2,610,447
24$4,921,966$1,778,148$430,672$2,713,146
25$5,118,844$1,850,993$447,899$2,819,953
26$5,323,598$1,926,752$465,815$2,931,032
27$5,536,542$2,005,541$484,447$3,046,554
28$5,758,004$2,087,482$503,825$3,166,697
29$5,988,324$2,172,700$523,978$3,291,645
30$6,227,857$2,261,327$544,937$3,421,592
Total$112,000,000$40,150,611$9,799,995$62,049,391

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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.