USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Dec 28, 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 $20,000,000 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:Wed, Dec 28, 2011
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$356,602$95,185$27,280$234,136
2$370,866$100,178$28,371$242,317
3$385,701$105,370$29,506$250,825
4$401,129$110,770$30,686$259,673
5$417,174$116,386$31,914$268,874
6$433,861$122,226$33,190$278,444
7$451,215$128,300$34,518$288,397
8$469,264$134,617$35,899$298,748
9$488,034$141,187$37,335$309,513
10$507,556$148,019$38,828$320,709
11$527,858$155,125$40,381$332,352
12$548,972$162,515$41,996$344,461
13$570,931$170,201$43,676$357,054
14$593,769$178,194$45,423$370,151
15$617,519$186,670$47,240$383,609
16$642,220$195,809$49,130$397,281
17$667,909$205,314$51,095$411,500
18$694,625$215,199$53,139$426,287
19$722,410$225,480$55,264$441,666
20$751,307$236,171$57,475$457,660
21$781,359$247,291$59,774$474,294
22$812,613$258,855$62,165$491,594
23$845,118$270,881$64,652$509,585
24$878,922$283,389$67,238$528,296
25$914,079$296,397$69,927$547,755
26$950,643$309,925$72,724$567,993
27$988,668$323,995$75,633$589,040
28$1,028,215$338,627$78,658$610,929
29$1,069,344$353,845$81,805$633,694
30$1,112,117$369,671$85,077$657,369
Total$20,000,000$6,185,792$1,529,999$12,284,206

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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.