USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$73,482$497,402
2$873,390$281,342$76,422$515,626
3$908,325$294,268$79,478$534,579
4$944,658$307,711$82,658$554,289
5$982,444$321,692$85,964$574,788
6$1,021,742$336,232$89,402$596,107
7$1,062,612$351,354$92,979$618,279
8$1,105,116$367,081$96,698$641,338
9$1,149,321$383,437$100,566$665,319
10$1,195,294$400,447$104,588$690,259
11$1,243,106$418,137$108,772$716,197
12$1,292,830$436,535$113,123$743,172
13$1,344,543$455,669$117,648$771,227
14$1,398,325$475,568$122,353$800,403
15$1,454,258$496,263$127,248$830,747
16$1,512,428$517,786$132,337$862,305
17$1,572,925$540,170$137,631$895,124
18$1,635,842$563,449$143,136$929,257
19$1,701,276$587,660$148,862$964,754
20$1,769,327$612,839$154,816$1,001,672
21$1,840,100$639,025$161,009$1,040,067
22$1,913,704$666,258$167,449$1,079,997
23$1,990,252$694,581$174,147$1,121,524
24$2,069,862$724,037$181,113$1,164,713
25$2,152,657$754,671$188,357$1,209,629
26$2,238,763$786,530$195,892$1,256,341
27$2,328,314$819,664$203,727$1,304,922
28$2,421,446$854,123$211,877$1,355,447
29$2,518,304$889,960$220,352$1,407,992
30$2,619,036$927,231$229,166$1,462,639
Total$47,100,000$16,172,633$4,121,252$26,806,115

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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.