Nicolas Cage owes $6 million to the IRS

August 4, 2009 by frugalista divider image

Oh no! Not Nicolas Cage, too! The Academy-award winning actor allegedly owes $6.2 million in unpaid income taxes. He's selling his Bel Air estate for $17 million. Just last year, Cage asked $35 million for the property. He is also selling his haunted New Orleans abode for $3.5 million.

Let's hope he can come out of this O.K. At least he is smart enough to sell off his property. Well, I hope he can sell it. Real estate isn't that hot these days.

Keep your head up, Nick!

Do you like any of Cage's movies? Do you remember him in Fast Times at Ridgemont High? Do you think he bought too many houses? Will buying real estate ever be the cool thing to do again?

Thank you, Natalie, for the tip!

5 Responses to Nicolas Cage owes $6 million to the IRS

August 4, 2009 at 9:38 am
GLM

Honestly, I don’t get owning multiple homes. I mean, with all the upkeep, utilites and taxes, you’re probably better off living in a hotel for a month or so a year.
I haven’t had much fun watching him since Valley Girl. He keeps playing himself with a frozen face. Maybe he needs to lay off the Botox and save some money!
Gretchen

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August 4, 2009 at 10:32 am
Rasheeda

I’ve always liked Nicolas Cage as an actor, but he’s a real bum for not paying his taxes. All us littles do it. He should, too.
This $6.2 mil must cover many years, because I don’t think he’s had very many successful movies as of late. He’s not been the best at picking good films (er, I suppose I should say, commercially uber successful films).

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August 4, 2009 at 3:16 pm
Kitty

I was impressed by him and his co-star in “World Trade Center.” They both did an amazing job portraying two firefighters trapped in the World Trade Center collapse. I think they should have both been at least nominated for an Academy Award. Acting only with one’s face is difficult, to say the least.
Rue him for not paying his taxes, though.

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August 5, 2009 at 12:25 pm
Natalie

Thanks for the shout out. You rock my socks.
Is it odd to you that whenever I hear of someone struggling, I think of you? hehe

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August 11, 2009 at 2:12 pm
Frank Fitton

It seems amazing to me that Nicolas Cage is facing this tax bill right now. Firstly because its his second time in trouble with them in less than a year, you’d think he’d learn the lesson the first time….Don’t mess with the IRS.
Secondly, the guy makes $12 million per film, you’d think he could easily come up with the $6 million and change to satisfy the IRS. Could there be problems we don’t know about. Drugs? Gambling? Madoff?
Check out my blog on Nick Cage and his IRS problems at….. http://www.thedebtgazette.com/2009/08/nick-cage-irs-again/

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