USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jun 29, 2011

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The tax information provided here is based on 2025 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$465,659$120,286$788,755
2$1,429,689$486,005$125,098$818,586
3$1,486,876$507,164$130,102$849,610
4$1,546,351$529,170$135,306$881,875
5$1,608,205$552,056$140,718$915,431
6$1,672,534$575,858$146,347$950,329
7$1,739,435$600,611$152,201$986,623
8$1,809,012$626,355$158,289$1,024,369
9$1,881,373$653,128$164,620$1,063,624
10$1,956,628$680,972$171,205$1,104,450
11$2,034,893$709,931$178,053$1,146,909
12$2,116,288$740,047$185,175$1,191,066
13$2,200,940$771,368$192,582$1,236,990
14$2,288,978$803,942$200,286$1,284,750
15$2,380,537$837,819$208,297$1,334,421
16$2,475,758$873,051$216,629$1,386,079
17$2,574,789$909,692$225,294$1,439,803
18$2,677,780$947,799$234,306$1,495,675
19$2,784,891$987,430$243,678$1,553,783
20$2,896,287$1,028,646$253,425$1,614,215
21$3,012,138$1,071,511$263,562$1,677,065
22$3,132,624$1,116,091$274,105$1,742,428
23$3,257,929$1,162,454$285,069$1,810,406
24$3,388,246$1,210,671$296,472$1,881,103
25$3,523,776$1,260,817$308,330$1,954,628
26$3,664,727$1,312,969$320,664$2,031,094
27$3,811,316$1,367,207$333,490$2,110,619
28$3,963,769$1,423,615$346,830$2,193,324
29$4,122,319$1,482,278$360,703$2,279,338
30$4,287,212$1,543,289$375,131$2,368,792
Total$77,100,000$27,237,605$6,746,253$43,116,140

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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.