USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Apr 7, 2010

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The tax information provided here is based on 2026 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 $125,300,000 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, Apr 7, 2010
Jackpot:$125,300,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,234,111$782,578$195,485$1,256,048
2$2,323,476$815,643$203,304$1,304,528
3$2,416,415$850,031$211,436$1,354,948
4$2,513,072$885,794$219,894$1,407,384
5$2,613,594$922,987$228,690$1,461,918
6$2,718,138$961,668$237,837$1,518,633
7$2,826,864$1,001,897$247,351$1,577,616
8$2,939,938$1,043,734$257,245$1,638,959
9$3,057,536$1,087,245$267,534$1,702,756
10$3,179,837$1,132,497$278,236$1,769,104
11$3,307,031$1,179,559$289,365$1,838,107
12$3,439,312$1,228,503$300,940$1,909,869
13$3,576,884$1,279,404$312,977$1,984,503
14$3,719,960$1,332,342$325,496$2,062,121
15$3,868,758$1,387,398$338,516$2,142,844
16$4,023,508$1,444,655$352,057$2,226,796
17$4,184,449$1,504,203$366,139$2,314,106
18$4,351,827$1,566,133$380,785$2,404,909
19$4,525,900$1,630,540$396,016$2,499,343
20$4,706,936$1,697,523$411,857$2,597,555
21$4,895,213$1,767,186$428,331$2,699,696
22$5,091,022$1,839,635$445,464$2,805,922
23$5,294,663$1,914,982$463,283$2,916,397
24$5,506,449$1,993,343$481,814$3,031,291
25$5,726,707$2,074,839$501,087$3,150,781
26$5,955,775$2,159,594$521,130$3,275,051
27$6,194,006$2,247,740$541,976$3,404,291
28$6,441,767$2,339,411$563,655$3,538,701
29$6,699,437$2,434,749$586,201$3,678,488
30$6,967,415$2,533,901$609,649$3,823,865
Total$125,300,000$45,039,714$10,963,750$69,296,530

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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.