USA Mega

U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Sep 22, 2001

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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 $42,900,000 for a ticket purchased in U.S. Virgin Islands, 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:

U.S. Virgin Islands

Drawing Date:Sat, Sep 22, 2001
Jackpot:$42,900,000
Federal Tax:37% marginal rate
State Tax: Unknown state tax rate
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$764,911$241,205$0$523,706
2$795,508$252,526$0$542,982
3$827,328$264,299$0$563,029
4$860,421$276,544$0$583,878
5$894,838$289,278$0$605,560
6$930,631$302,521$0$628,110
7$967,857$316,295$0$651,562
8$1,006,571$330,619$0$675,952
9$1,046,834$345,516$0$701,318
10$1,088,707$361,009$0$727,698
11$1,132,256$377,122$0$755,133
12$1,177,546$393,880$0$783,666
13$1,224,648$411,307$0$813,340
14$1,273,633$429,432$0$844,201
15$1,324,579$448,282$0$876,297
16$1,377,562$467,886$0$909,676
17$1,432,664$488,274$0$944,391
18$1,489,971$509,477$0$980,494
19$1,549,570$531,529$0$1,018,041
20$1,611,553$554,462$0$1,057,090
21$1,676,015$578,313$0$1,097,702
22$1,743,055$603,118$0$1,139,937
23$1,812,778$628,915$0$1,183,862
24$1,885,289$655,745$0$1,229,544
25$1,960,700$683,647$0$1,277,053
26$2,039,128$712,665$0$1,326,463
27$2,120,693$742,844$0$1,377,849
28$2,205,521$774,231$0$1,431,291
29$2,293,742$806,872$0$1,486,870
30$2,385,492$840,820$0$1,544,672
Total$42,900,000$14,618,633$0$28,281,367

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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.