USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $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$697,067$174,735$1,125,169
2$2,076,850$726,622$181,724$1,168,503
3$2,159,924$757,360$188,993$1,213,571
4$2,246,321$789,326$196,553$1,260,441
5$2,336,174$822,572$204,415$1,309,187
6$2,429,621$857,147$212,592$1,359,881
7$2,526,806$893,106$221,095$1,412,604
8$2,627,878$930,503$229,939$1,467,436
9$2,732,993$969,395$239,137$1,524,461
10$2,842,313$1,009,843$248,702$1,583,767
11$2,956,005$1,051,910$258,650$1,645,445
12$3,074,245$1,095,658$268,996$1,709,590
13$3,197,215$1,141,157$279,756$1,776,301
14$3,325,104$1,188,476$290,947$1,845,681
15$3,458,108$1,237,688$302,584$1,917,836
16$3,596,432$1,288,868$314,688$1,992,877
17$3,740,289$1,342,095$327,275$2,070,919
18$3,889,901$1,397,451$340,366$2,152,084
19$4,045,497$1,455,022$353,981$2,236,494
20$4,207,317$1,514,895$368,140$2,324,282
21$4,375,610$1,577,163$382,866$2,415,580
22$4,550,634$1,641,922$398,180$2,510,531
23$4,732,659$1,709,272$414,108$2,609,280
24$4,921,966$1,779,315$430,672$2,711,979
25$5,118,844$1,852,160$447,899$2,818,785
26$5,323,598$1,927,919$465,815$2,929,864
27$5,536,542$2,006,708$484,447$3,045,386
28$5,758,004$2,088,649$503,825$3,165,529
29$5,988,324$2,173,868$523,978$3,290,478
30$6,227,857$2,262,495$544,937$3,420,425
Total$112,000,000$40,185,632$9,799,995$62,014,366

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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.