USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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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 $125,800,000 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 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$786,940$196,265$1,259,822
2$2,332,748$820,137$204,115$1,308,495
3$2,426,057$854,661$212,280$1,359,116
4$2,523,100$890,567$220,771$1,411,761
5$2,624,024$927,909$229,602$1,466,513
6$2,728,985$966,745$238,786$1,523,454
7$2,838,144$1,007,134$248,338$1,582,673
8$2,951,670$1,049,138$258,271$1,644,261
9$3,069,737$1,092,823$268,602$1,708,312
10$3,192,526$1,138,255$279,346$1,774,925
11$3,320,227$1,185,504$290,520$1,844,203
12$3,453,036$1,234,644$302,141$1,916,252
13$3,591,158$1,285,749$314,226$1,991,183
14$3,734,804$1,338,898$326,795$2,069,111
15$3,884,196$1,394,173$339,867$2,150,156
16$4,039,564$1,451,659$353,462$2,234,443
17$4,201,147$1,511,444$367,600$2,322,102
18$4,369,192$1,573,621$382,304$2,413,267
19$4,543,960$1,638,285$397,597$2,508,078
20$4,725,718$1,705,536$413,500$2,606,682
21$4,914,747$1,775,477$430,040$2,709,230
22$5,111,337$1,848,215$447,242$2,815,880
23$5,315,791$1,923,863$465,132$2,926,796
24$5,528,422$2,002,536$483,737$3,042,149
25$5,749,559$2,084,357$503,086$3,162,116
26$5,979,541$2,169,451$523,210$3,286,881
27$6,218,723$2,257,948$544,138$3,416,637
28$6,467,472$2,349,985$565,904$3,551,583
29$6,726,171$2,445,703$588,540$3,691,927
30$6,995,218$2,545,251$612,082$3,837,885
Total$125,800,000$45,256,608$11,007,499$69,535,893

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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.