USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Oct 19, 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 $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$788,108$196,265$1,258,654
2$2,332,748$821,304$204,115$1,307,328
3$2,426,057$855,829$212,280$1,357,948
4$2,523,100$891,735$220,771$1,410,594
5$2,624,024$929,077$229,602$1,465,345
6$2,728,985$967,912$238,786$1,522,286
7$2,838,144$1,008,301$248,338$1,581,505
8$2,951,670$1,050,306$258,271$1,643,093
9$3,069,737$1,093,990$268,602$1,707,144
10$3,192,526$1,139,422$279,346$1,773,758
11$3,320,227$1,186,672$290,520$1,843,035
12$3,453,036$1,235,811$302,141$1,915,084
13$3,591,158$1,286,916$314,226$1,990,015
14$3,734,804$1,340,065$326,795$2,067,943
15$3,884,196$1,395,340$339,867$2,148,989
16$4,039,564$1,452,826$353,462$2,233,276
17$4,201,147$1,512,612$367,600$2,320,934
18$4,369,192$1,574,789$382,304$2,412,099
19$4,543,960$1,639,453$397,597$2,506,911
20$4,725,718$1,706,704$413,500$2,605,515
21$4,914,747$1,776,644$430,040$2,708,063
22$5,111,337$1,849,382$447,242$2,814,713
23$5,315,791$1,925,030$465,132$2,925,629
24$5,528,422$2,003,704$483,737$3,040,981
25$5,749,559$2,085,525$503,086$3,160,948
26$5,979,541$2,170,618$523,210$3,285,713
27$6,218,723$2,259,115$544,138$3,415,470
28$6,467,472$2,351,152$565,904$3,550,416
29$6,726,171$2,446,871$588,540$3,690,760
30$6,995,218$2,546,418$612,082$3,836,718
Total$125,800,000$45,291,631$11,007,499$69,500,867

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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.