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U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Oct 26, 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 $173,900,000 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:Wed, Oct 26, 2011
Jackpot:$173,900,000
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$3,100,654$1,105,430$0$1,995,224
2$3,224,680$1,151,320$0$2,073,361
3$3,353,668$1,199,045$0$2,154,623
4$3,487,814$1,248,679$0$2,239,135
5$3,627,327$1,300,299$0$2,327,028
6$3,772,420$1,353,983$0$2,418,437
7$3,923,317$1,409,815$0$2,513,502
8$4,080,249$1,467,880$0$2,612,369
9$4,243,459$1,528,268$0$2,715,192
10$4,413,198$1,591,071$0$2,822,127
11$4,589,726$1,656,386$0$2,933,339
12$4,773,315$1,724,314$0$3,049,001
13$4,964,247$1,794,959$0$3,169,288
14$5,162,817$1,868,430$0$3,294,387
15$5,369,330$1,944,840$0$3,424,490
16$5,584,103$2,024,306$0$3,559,797
17$5,807,467$2,106,951$0$3,700,517
18$6,039,766$2,192,901$0$3,846,865
19$6,281,357$2,282,290$0$3,999,067
20$6,532,611$2,375,254$0$4,157,357
21$6,793,915$2,471,936$0$4,321,979
22$7,065,672$2,572,486$0$4,493,186
23$7,348,299$2,677,058$0$4,671,240
24$7,642,231$2,785,813$0$4,856,418
25$7,947,920$2,898,918$0$5,049,002
26$8,265,837$3,016,547$0$5,249,289
27$8,596,470$3,138,882$0$5,457,588
28$8,940,329$3,266,109$0$5,674,220
29$9,297,942$3,398,426$0$5,899,516
30$9,669,860$3,536,036$0$6,133,824
Total$173,900,000$63,088,632$0$110,811,368

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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.