USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 $76,500,000 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 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$462,869$119,350$781,784
2$1,418,563$483,056$124,124$811,383
3$1,475,305$504,051$129,089$842,165
4$1,534,317$525,885$134,253$874,179
5$1,595,690$548,593$139,623$907,474
6$1,659,518$572,209$145,208$942,101
7$1,725,898$596,770$151,016$978,112
8$1,794,934$622,313$157,057$1,015,564
9$1,866,732$648,878$163,339$1,054,514
10$1,941,401$676,506$169,873$1,095,022
11$2,019,057$705,239$176,667$1,137,151
12$2,099,819$735,121$183,734$1,180,964
13$2,183,812$766,198$191,084$1,226,530
14$2,271,165$798,519$198,727$1,273,919
15$2,362,011$832,132$206,676$1,323,203
16$2,456,492$867,090$214,943$1,374,459
17$2,554,751$903,446$223,541$1,427,765
18$2,656,941$941,256$232,482$1,483,203
19$2,763,219$980,579$241,782$1,540,859
20$2,873,748$1,021,474$251,453$1,600,820
21$2,988,698$1,064,006$261,511$1,663,181
22$3,108,246$1,108,239$271,971$1,728,035
23$3,232,575$1,154,241$282,850$1,795,484
24$3,361,878$1,202,083$294,164$1,865,631
25$3,496,354$1,251,839$305,931$1,938,584
26$3,636,208$1,303,585$318,168$2,014,455
27$3,781,656$1,357,400$330,895$2,093,361
28$3,932,922$1,413,369$344,131$2,175,423
29$4,090,239$1,471,576$357,896$2,260,767
30$4,253,849$1,532,112$372,212$2,349,525
Total$76,500,000$27,050,634$6,693,750$42,755,617

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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.