Nicolas Cage - Nicolas Cage Settles $6 Million Debt
Nicolas Cage has settled $6 million of his $13.3 million tax debt from 2002, 2003, 2004 and 2007.
Nicolas Cage has settled $6 million of his tax debt.
The 'Ghost Rider: Spirit of Vengeance' actor has cleared almost half of the $13.3 million debt he owes for taxes in 2002 to 2004 and 2007 after he paid off $6,257,005.
Nicolas has blamed his former business manager Sam Levin for his problems, though he has countered this, claiming actor was overspending.
He said in 2010: ''Over the course of my career I have paid at least $70 million in taxes. Unfortunately, due to a recent legal situation, another approximate $14 million is owed to the Internal Revenue Service (IRS), however, I am under new business management and am happy to say that I am current for 2009.
''All taxes will be paid including any to be determined state taxes.''
The 48-year-old actor's spending is legendary, and Sam has claimed that by 2008 the star owned: ''15 palatial homes around the world, four yachts, a Gulfstream jet and millions of dollars in jewelry and art.''
Nicolas was forced to sell off many of his assets, including properties in California, Las Vegas and New Orleans as well as a British castle, yachts and a 67-million-year-old dinosaur skull worth $276,000.