USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Aug 17, 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 $25,000,000 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, Aug 17, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$39,003$281,189
2$463,583$131,801$40,563$291,218
3$482,126$138,291$42,186$301,649
4$501,411$145,041$43,873$312,496
5$521,467$152,061$45,628$323,778
6$542,326$159,361$47,454$335,511
7$564,019$166,954$49,352$347,713
8$586,580$174,850$51,326$360,404
9$610,043$183,062$53,379$373,602
10$634,445$191,765$55,514$387,166
11$659,823$201,155$57,734$400,933
12$686,215$210,920$60,044$415,252
13$713,664$221,076$62,446$430,143
14$742,211$231,638$64,943$445,629
15$771,899$242,623$67,541$461,735
16$802,775$254,047$70,243$478,485
17$834,886$265,928$73,053$495,905
18$868,281$278,284$75,975$514,022
19$903,013$291,135$79,014$532,864
20$939,133$304,500$82,174$552,460
21$976,699$318,399$85,461$572,839
22$1,015,767$332,854$88,880$594,033
23$1,056,397$347,887$92,435$616,075
24$1,098,653$363,522$96,132$638,999
25$1,142,599$379,782$99,977$662,840
26$1,188,303$396,692$103,977$687,634
27$1,235,835$414,279$108,136$713,420
28$1,285,269$432,570$112,461$740,238
29$1,336,679$451,592$116,959$768,128
30$1,390,147$471,374$121,638$797,134
Total$25,000,000$7,979,004$2,187,501$14,833,494

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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.