USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$247,749$1,577,857
2$2,944,677$1,047,718$257,659$1,639,299
3$3,062,464$1,091,299$267,966$1,703,199
4$3,184,962$1,136,624$278,684$1,769,654
5$3,312,361$1,183,761$289,832$1,838,768
6$3,444,855$1,232,784$301,425$1,910,646
7$3,582,649$1,283,768$313,482$1,985,399
8$3,725,955$1,336,791$326,021$2,063,143
9$3,874,993$1,391,935$339,062$2,143,996
10$4,029,993$1,449,285$352,624$2,228,084
11$4,191,193$1,508,929$366,729$2,315,534
12$4,358,841$1,570,959$381,399$2,406,483
13$4,533,194$1,635,470$396,654$2,501,070
14$4,714,522$1,702,561$412,521$2,599,440
15$4,903,103$1,772,336$429,022$2,701,746
16$5,099,227$1,844,902$446,182$2,808,143
17$5,303,196$1,920,370$464,030$2,918,796
18$5,515,324$1,998,858$482,591$3,033,875
19$5,735,937$2,080,484$501,894$3,153,558
20$5,965,374$2,165,376$521,970$3,278,028
21$6,203,989$2,253,664$542,849$3,407,476
22$6,452,149$2,345,483$564,563$3,542,103
23$6,710,235$2,440,975$587,146$3,682,115
24$6,978,644$2,540,286$610,631$3,827,727
25$7,257,790$2,643,570$635,057$3,979,163
26$7,548,102$2,750,985$660,459$4,136,657
27$7,850,026$2,862,697$686,877$4,300,451
28$8,164,027$2,978,878$714,352$4,470,797
29$8,490,588$3,099,705$742,926$4,647,956
30$8,830,211$3,225,366$772,643$4,832,202
Total$158,800,000$57,501,632$13,894,999$87,403,365

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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.