USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Apr 20, 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 $57,300,000 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, Apr 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$336,204$89,396$596,065
2$1,062,531$351,324$92,971$618,235
3$1,105,033$367,050$96,690$641,292
4$1,149,234$383,404$100,558$665,272
5$1,195,203$400,413$104,580$690,210
6$1,243,011$418,102$108,763$716,146
7$1,292,732$436,498$113,114$743,119
8$1,344,441$455,631$117,639$771,172
9$1,398,219$475,529$122,344$800,346
10$1,454,147$496,222$127,238$830,687
11$1,512,313$517,744$132,327$862,242
12$1,572,806$540,126$137,621$895,059
13$1,635,718$563,403$143,125$929,189
14$1,701,147$587,612$148,850$964,684
15$1,769,193$612,789$154,804$1,001,599
16$1,839,960$638,973$160,997$1,039,991
17$1,913,559$666,205$167,436$1,079,918
18$1,990,101$694,525$174,134$1,121,442
19$2,069,705$723,979$181,099$1,164,627
20$2,152,493$754,610$188,343$1,209,540
21$2,238,593$786,467$195,877$1,256,249
22$2,328,137$819,598$203,712$1,304,826
23$2,421,262$854,055$211,860$1,355,347
24$2,518,113$889,889$220,335$1,407,888
25$2,618,837$927,158$229,148$1,462,532
26$2,723,591$965,916$238,314$1,519,360
27$2,832,534$1,006,225$247,847$1,578,462
28$2,945,836$1,048,147$257,761$1,639,928
29$3,063,669$1,091,745$268,071$1,703,853
30$3,186,216$1,137,088$278,794$1,770,334
Total$57,300,000$19,946,631$5,013,748$32,339,614

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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.