USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Aug 26, 1992

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The tax information provided here is based on 2026 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 $7,500,000 for a ticket purchased in Idaho, 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:

Idaho

Drawing Date:Wed, Aug 26, 1992
Jackpot:$7,500,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$133,726$24,692$7,087$101,946
2$139,075$25,976$7,371$105,728
3$144,638$27,311$7,666$109,661
4$150,423$28,700$7,972$113,751
5$156,440$30,144$8,291$118,005
6$162,698$31,645$8,623$122,429
7$169,206$33,207$8,968$127,030
8$175,974$34,832$9,327$131,816
9$183,013$36,521$9,700$136,792
10$190,333$38,278$10,088$141,968
11$197,947$40,105$10,491$147,350
12$205,865$42,333$10,911$152,621
13$214,099$44,968$11,347$157,784
14$222,663$47,708$11,801$163,154
15$231,570$50,558$12,273$168,738
16$240,833$53,522$12,764$174,546
17$250,466$56,605$13,275$180,586
18$260,484$59,939$13,806$186,740
19$270,904$63,586$14,358$192,960
20$281,740$67,378$14,932$199,430
21$293,010$71,323$15,530$206,157
22$304,730$75,425$16,151$213,155
23$316,919$79,691$16,797$220,431
24$329,596$84,128$17,469$228,000
25$342,780$88,742$18,167$235,870
26$356,491$93,541$18,894$244,056
27$370,751$98,532$19,650$252,569
28$385,581$103,722$20,436$261,422
29$401,004$109,121$21,253$270,630
30$417,044$114,735$22,103$280,206
Total$7,500,000$1,756,968$397,501$5,345,531

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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.