April 21, 2014

Nicolas Cage pays up to the IRS

HollywoodNews.com: After battling a mountain of unpaid back taxes, Nicolas Cage has been chipping away in an effort to get himself on level ground. After failing to pay up, Cage owed roughly $14 million to the IRS for the years 2002, 2003, 2004, and 2007.

Cage has been selling property, expensive cars, and yachts in an effort to right himself in the eyes of the government. Cage blamed his former business manager for bringing him to this state of “financial ruin.” While Cage is still a long ways away from being debt-free, files have been obtained that show Cage has paid $360,545 of the debt off, TMZ reports.

While it may seem like a daunting amount to conquer, Cage is chipping away bit by bit and every little bit helps. What do you think of stars like Wesley Snipes and Nicolas Cage who have run into trouble with taxes? Are they living beyond their means or being taken advantage of by the government?

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