USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Feb 26, 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 $182,100,000 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:Sat, Feb 26, 2011
Jackpot:$182,100,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,246,861$1,159,526$284,100$1,803,234
2$3,376,735$1,207,580$295,464$1,873,691
3$3,511,805$1,257,556$307,283$1,946,966
4$3,652,277$1,309,530$319,574$2,023,173
5$3,798,368$1,363,584$332,357$2,102,427
6$3,950,303$1,419,800$345,652$2,184,852
7$4,108,315$1,478,264$359,478$2,270,573
8$4,272,648$1,539,067$373,857$2,359,724
9$4,443,554$1,602,303$388,811$2,452,440
10$4,621,296$1,668,067$404,363$2,548,865
11$4,806,148$1,736,462$420,538$2,649,147
12$4,998,393$1,807,593$437,359$2,753,441
13$5,198,329$1,881,570$454,854$2,861,906
14$5,406,262$1,958,505$473,048$2,974,710
15$5,622,513$2,038,517$491,970$3,092,025
16$5,847,413$2,121,731$511,649$3,214,034
17$6,081,310$2,208,272$532,115$3,340,923
18$6,324,562$2,298,276$553,399$3,472,887
19$6,577,545$2,391,879$575,535$3,610,130
20$6,840,647$2,489,227$598,557$3,752,863
21$7,114,272$2,590,469$622,499$3,901,305
22$7,398,843$2,695,760$647,399$4,055,685
23$7,694,797$2,805,263$673,295$4,216,240
24$8,002,589$2,919,146$700,227$4,383,217
25$8,322,692$3,037,584$728,236$4,556,873
26$8,655,600$3,160,760$757,365$4,737,475
27$9,001,824$3,288,863$787,660$4,925,302
28$9,361,897$3,422,090$819,166$5,120,641
29$9,736,373$3,560,646$851,933$5,323,795
30$10,125,828$3,704,744$886,010$5,535,074
Total$182,100,000$66,122,634$15,933,753$100,043,618

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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.