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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.


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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.

 

 
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