USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for May 18, 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 $130,500,000 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, May 18, 2005
Jackpot:$130,500,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,326,828$819,114$203,597$1,304,116
2$2,419,901$853,551$211,741$1,354,609
3$2,516,697$889,366$220,211$1,407,120
4$2,617,365$926,613$229,019$1,461,733
5$2,722,060$965,350$238,180$1,518,530
6$2,830,942$1,005,636$247,707$1,577,598
7$2,944,180$1,047,534$257,616$1,639,030
8$3,061,947$1,091,108$267,920$1,702,918
9$3,184,425$1,136,425$278,637$1,769,363
10$3,311,802$1,183,554$289,783$1,838,465
11$3,444,274$1,232,569$301,374$1,910,331
12$3,582,045$1,283,544$313,429$1,985,072
13$3,725,326$1,336,559$325,966$2,062,802
14$3,874,340$1,391,693$339,005$2,143,641
15$4,029,313$1,449,034$352,565$2,227,715
16$4,190,486$1,508,667$366,667$2,315,151
17$4,358,105$1,570,687$381,334$2,406,084
18$4,532,429$1,635,187$396,588$2,500,655
19$4,713,726$1,702,267$412,451$2,599,009
20$4,902,276$1,772,030$428,949$2,701,297
21$5,098,367$1,844,583$446,107$2,807,676
22$5,302,301$1,920,039$463,951$2,918,311
23$5,514,393$1,998,513$482,509$3,033,371
24$5,734,969$2,080,126$501,810$3,153,033
25$5,964,368$2,165,004$521,882$3,277,482
26$6,202,942$2,253,276$542,757$3,406,909
27$6,451,060$2,345,080$564,468$3,541,512
28$6,709,103$2,440,556$587,046$3,681,500
29$6,977,467$2,539,850$610,528$3,827,088
30$7,256,565$2,643,117$634,949$3,978,499
Total$130,500,000$47,030,632$11,418,746$72,050,620

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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.