USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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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 $60,000,000 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:Sat, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$93,608$623,349
2$1,112,598$368,682$97,352$646,564
3$1,157,102$385,148$101,246$670,708
4$1,203,386$402,273$105,296$695,817
5$1,251,522$420,083$109,508$721,930
6$1,301,583$438,606$113,888$749,088
7$1,353,646$457,869$118,444$777,333
8$1,407,792$477,903$123,182$806,707
9$1,464,103$498,738$128,109$837,256
10$1,522,667$520,407$133,233$869,027
11$1,583,574$542,943$138,563$902,069
12$1,646,917$566,380$144,105$936,432
13$1,712,794$590,754$149,869$972,170
14$1,781,306$616,103$155,864$1,009,338
15$1,852,558$642,467$162,099$1,047,992
16$1,926,660$669,884$168,583$1,088,193
17$2,003,726$698,399$175,326$1,130,001
18$2,083,876$728,054$182,339$1,173,482
19$2,167,231$758,896$189,633$1,218,702
20$2,253,920$790,971$197,218$1,265,731
21$2,344,077$824,329$205,107$1,314,641
22$2,437,840$859,021$213,311$1,365,508
23$2,535,353$895,101$221,843$1,418,409
24$2,636,767$932,624$230,717$1,473,426
25$2,742,238$971,648$239,946$1,530,644
26$2,851,928$1,012,233$249,544$1,590,150
27$2,966,005$1,054,442$259,525$1,652,037
28$3,084,645$1,098,339$269,906$1,716,400
29$3,208,031$1,143,992$280,703$1,783,336
30$3,336,352$1,191,470$291,931$1,852,951
Total$60,000,000$20,910,607$5,249,998$33,839,391

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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.