Nicholas Cage made it almost half way back to solvency this week when the actor paid the IRS $6 million. The actor was caught for failure to file his taxes over a period of several years which led to his massive $13 million in back taxes when penalties were included.
Cage’s most recent payment was in the amount of $6,257,005, money he owed for the 2007 tax season.
The remaining taxes owed by Nicholas Cage come from his failure to pay taxes in 2002, 2003 and finally in 2004. Nicholas Cage in the meantime continues to blame his former business manager for his financial missteps. According to Cage his manager led him directly into “financial ruin” through bad business decisions.
Cage has also been slowly paying down his debt from 2002 through 2004, although he’ll need to make a few more movies before he manages to fully pay back his debt to the IRS.
While Cage continues to blame his former business manager for his woes, the actor is no stranger to spending, having purchased a Bavarian castle, a 40 acres island in the Bahamas and even a Tarbosaurus skull which he spent $276,000 to procure while outbidding fellow actor Leonardo DiCaprio. Cage has also purchased 47 pieces of expensive artwork and in 2007 alone he bought 22 exotic cars including 9 Rolls-Royce’s.
It’s hard to feel sorry for a guy who complains about being ripped off by his business manager when he’s flying around the world in his private Gulfstream Jet or boating around the world in one of his four private yachts.
One good $20 million payday could easily pay of the rest of his debt, hopefully after that he continues to pay his taxes.
