Annuity | Cash | |||
|
$143,300,000 | |||
|
Lump-sum cash: $143,300,000 | |||
|
– $35,825,000 | |||
|
$107,475,000 |
Year | Gross Payment | Federal Taxes | State Taxes | Net Payment |
1 | $3,491,933 | $872,983 | $0 | $2,618,950 |
2 | $3,666,530 | $916,632 | $0 | $2,749,897 |
3 | $3,849,856 | $962,464 | $0 | $2,887,392 |
4 | $4,042,349 | $1,010,587 | $0 | $3,031,762 |
5 | $4,244,466 | $1,061,117 | $0 | $3,183,350 |
6 | $4,456,690 | $1,114,172 | $0 | $3,342,517 |
7 | $4,679,524 | $1,169,881 | $0 | $3,509,643 |
8 | $4,913,500 | $1,228,375 | $0 | $3,685,125 |
9 | $5,159,175 | $1,289,794 | $0 | $3,869,382 |
10 | $5,417,134 | $1,354,284 | $0 | $4,062,851 |
11 | $5,687,991 | $1,421,998 | $0 | $4,265,993 |
12 | $5,972,390 | $1,493,098 | $0 | $4,479,293 |
13 | $6,271,010 | $1,567,752 | $0 | $4,703,257 |
14 | $6,584,560 | $1,646,140 | $0 | $4,938,420 |
15 | $6,913,788 | $1,728,447 | $0 | $5,185,341 |
16 | $7,259,478 | $1,814,869 | $0 | $5,444,608 |
17 | $7,622,452 | $1,905,613 | $0 | $5,716,839 |
18 | $8,003,574 | $2,000,894 | $0 | $6,002,681 |
19 | $8,403,753 | $2,100,938 | $0 | $6,302,815 |
20 | $8,823,941 | $2,205,985 | $0 | $6,617,955 |
21 | $9,265,138 | $2,316,284 | $0 | $6,948,853 |
22 | $9,728,395 | $2,432,099 | $0 | $7,296,296 |
23 | $10,214,814 | $2,553,704 | $0 | $7,661,111 |
24 | $10,725,555 | $2,681,389 | $0 | $8,044,166 |
25 | $11,261,833 | $2,815,458 | $0 | $8,446,374 |
26 | $11,824,924 | $2,956,231 | $0 | $8,868,693 |
27 | $12,416,171 | $3,104,043 | $0 | $9,312,128 |
28 | $13,036,979 | $3,259,245 | $0 | $9,777,734 |
29 | $13,688,828 | $3,422,207 | $0 | $10,266,621 |
30 | $14,373,270 | $3,593,317 | $0 | $10,779,952 |
Total | $232,000,000 | $58,000,000 | $0 | $174,000,000 |