USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

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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 $87,200,000 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, Oct 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$136,044$885,283
2$1,616,976$556,469$141,485$919,022
3$1,681,655$580,400$147,145$954,110
4$1,748,921$605,289$153,031$990,602
5$1,818,878$631,173$159,152$1,028,554
6$1,891,633$658,092$165,518$1,068,023
7$1,967,299$686,088$172,139$1,109,072
8$2,045,991$715,204$179,024$1,151,762
9$2,127,830$745,485$186,185$1,196,160
10$2,212,943$776,977$193,633$1,242,334
11$2,301,461$809,728$201,378$1,290,355
12$2,393,520$843,790$209,433$1,340,297
13$2,489,260$879,214$217,810$1,392,236
14$2,588,831$916,055$226,523$1,446,253
15$2,692,384$954,370$235,584$1,502,431
16$2,800,079$994,217$245,007$1,560,855
17$2,912,082$1,035,658$254,807$1,621,617
18$3,028,566$1,078,757$265,000$1,684,809
19$3,149,708$1,123,580$275,599$1,750,529
20$3,275,697$1,170,196$286,623$1,818,878
21$3,406,725$1,218,676$298,088$1,889,960
22$3,542,994$1,269,095$310,012$1,963,886
23$3,684,713$1,321,532$322,412$2,040,769
24$3,832,102$1,376,065$335,309$2,120,728
25$3,985,386$1,432,781$348,721$2,203,884
26$4,144,801$1,491,764$362,670$2,290,367
27$4,310,593$1,553,107$377,177$2,380,309
28$4,483,017$1,616,904$392,264$2,473,849
29$4,662,338$1,683,253$407,955$2,571,131
30$4,848,831$1,752,255$424,273$2,672,303
Total$87,200,000$31,009,632$7,630,001$48,560,368

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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.