If I won a $10 million lottery

[nddons]

Revise your dream. I think feds only take 25% of your winnings. Not sure about state taxes (Hook'em). Just enough to bump up to a C90 and its 3k hr tbo's

Nice.

Don't go spending that 25% "savings" just yet, Ben. There is no separate rate for gambling winnings. The Feds will take whatever your marginal tax rate is; if you win 10 million, you will be paying the highest marginal rate - 35% today, or 39.6% in 2013 if Congress does nothing.