You hear it all the time: the rich don't pay their fair share in taxes. Baloney! For proof, consider the daunting tax bills that will be faced by winners of the recent Mega Millions jackpot. Here's the true story.The jackpot for the March 30 drawing was a whopping $656 million. There were apparently three winners. Each could choose to receive an annuity that would pay out about $219 million over 26 years. However if a winner selects the cash option (the only sane choice in my opinion), he or she would collect about $128 million before taxes. The key words are "before taxes." Federal Income Tax Lotto jackpots are fully taxable. And huge jackpots are currently taxed at a maximum federal rate of 35%. So the winner of $128 million will owe the Internal Revenue Service about $45 million. That leaves about $83 million. State Income Tax Say a new Mega Millionaire is "unlucky" enough to live in a state with a personal income tax. In most states, the tax ra...