Saturday, 10 October 2009

Nicolas Cage's debt catches up with him



Nicolas Cage's $6m Debt Catches Up With Him

  • Actor Nicolas Cage is reportedly struggling to stay afloat amid claims of unpaid taxes.
  • Oscar-winning actor Nicolas Cage is reportedly struggling to stay afloat amid claims he owes $6m (about £3.7m) in unpaid taxes.
  • Celebrity gossip website TMZ reported that the movie star, famous for his roles in Con Air and Gone In 60 Seconds, is $6,257,005 in debt to the US Internal Revenue Service.
  • Now the IRS has placed a tax lien on the Hollywood actor's New Orleans properties after the actor failed to pay income tax on his wages dating back to 2007.
  • TMZ also reported that in addition to the Leaving Las Vegas star's income tax debt, he also owes the state money from three further years of unpaid debt.
  • The second lot of unpaid taxes relates to Cage's earnings between 2002 and 2004.
  • The website has published what it calls official documents showing how much Cage owes.
  • Last week it emerged that the 45-year-old had defaulted on a $2m (£1.2m) loan.
  • Cage was forced to sell off a Bavarian castle he owned in Germany earlier this year due to his financial troubles.

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