USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Mar 12, 2005

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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 $12,400,000 for a ticket purchased in Wisconsin, 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:

Wisconsin

Drawing Date:Sat, Mar 12, 2005
Jackpot:$12,400,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$221,093$47,813$16,914$156,367
2$229,937$50,643$17,590$161,704
3$239,134$53,586$18,294$167,255
4$248,700$56,647$19,026$173,027
5$258,648$60,074$19,787$178,787
6$268,994$63,695$20,578$184,721
7$279,753$67,461$21,401$190,891
8$290,944$71,378$22,257$197,309
9$302,581$75,451$23,147$203,983
10$314,685$79,687$24,073$210,924
11$327,272$84,092$25,036$218,143
12$340,363$88,674$26,038$225,651
13$353,977$93,439$27,079$233,459
14$368,136$98,395$28,162$241,579
15$382,862$103,549$29,289$250,024
16$398,176$108,909$30,460$258,807
17$414,103$114,483$31,679$267,941
18$430,668$120,281$32,946$277,441
19$447,894$126,310$34,264$287,320
20$465,810$132,581$35,634$297,595
21$484,442$139,102$37,060$308,281
22$503,820$145,884$38,542$319,394
23$523,973$152,938$40,084$330,951
24$544,932$160,273$41,687$342,971
25$566,729$167,902$43,355$355,472
26$589,398$175,837$45,089$368,473
27$612,974$184,088$46,893$381,994
28$637,493$192,893$48,768$395,832
29$662,993$202,328$50,719$409,946
30$689,513$212,140$52,748$424,625
Total$12,400,000$3,430,533$948,599$8,020,867

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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.