USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Sep 4, 2010

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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 $50,400,000 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, Sep 4, 2010
Jackpot:$50,400,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$898,637$289,516$78,631$530,490
2$934,582$302,816$81,776$549,991
3$971,966$316,648$85,047$570,271
4$1,010,844$331,033$88,449$591,363
5$1,051,278$345,993$91,987$613,298
6$1,093,329$361,552$95,666$636,111
7$1,137,062$377,733$99,493$659,836
8$1,182,545$394,562$103,473$684,510
9$1,229,847$412,064$107,612$710,172
10$1,279,041$430,265$111,916$736,859
11$1,330,202$449,195$116,393$764,614
12$1,383,410$468,882$121,048$793,480
13$1,438,747$489,357$125,890$823,500
14$1,496,297$510,650$130,926$854,721
15$1,556,149$532,795$136,163$887,190
16$1,618,394$555,826$141,610$920,959
17$1,683,130$579,778$147,274$956,078
18$1,750,455$604,689$153,165$992,602
19$1,820,474$630,596$159,291$1,030,587
20$1,893,293$657,539$165,663$1,070,091
21$1,969,024$685,559$172,290$1,111,175
22$2,047,785$714,701$179,181$1,153,903
23$2,129,697$745,008$186,348$1,198,340
24$2,214,885$776,528$193,802$1,244,555
25$2,303,480$809,308$201,554$1,292,618
26$2,395,619$843,399$209,617$1,342,603
27$2,491,444$878,855$218,001$1,394,588
28$2,591,102$915,728$226,721$1,448,652
29$2,694,746$954,076$235,790$1,504,879
30$2,802,536$993,958$245,222$1,563,355
Total$50,400,000$17,358,609$4,409,999$28,631,391

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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.