USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$309,155$82,999$556,407
2$986,504$323,194$86,319$576,991
3$1,025,964$337,794$89,772$598,398
4$1,067,002$352,979$93,363$620,661
5$1,109,683$368,770$97,097$643,815
6$1,154,070$385,194$100,981$667,895
7$1,200,233$402,274$105,020$692,938
8$1,248,242$420,037$109,221$718,983
9$1,298,172$438,511$113,590$746,070
10$1,350,098$457,724$118,134$774,241
11$1,404,102$477,706$122,859$803,538
12$1,460,267$498,486$127,773$834,007
13$1,518,677$520,098$132,884$865,695
14$1,579,424$542,575$138,200$898,650
15$1,642,601$565,950$143,728$932,923
16$1,708,305$590,261$149,477$968,568
17$1,776,637$615,544$155,456$1,005,638
18$1,847,703$641,838$161,674$1,044,191
19$1,921,611$669,184$168,141$1,084,286
20$1,998,476$697,624$174,867$1,125,985
21$2,078,415$727,201$181,861$1,169,352
22$2,161,551$757,962$189,136$1,214,454
23$2,248,013$789,953$196,701$1,261,359
24$2,337,934$823,223$204,569$1,310,141
25$2,431,451$857,825$212,752$1,360,874
26$2,528,709$893,810$221,262$1,413,637
27$2,629,857$931,235$230,113$1,468,510
28$2,735,052$970,157$239,317$1,525,578
29$2,844,454$1,010,636$248,890$1,584,928
30$2,958,232$1,052,734$258,845$1,646,653
Total$53,200,000$18,429,634$4,655,001$30,115,366

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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.