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Nicolas Cage pays off $600k tax debt

2012-11-19 20:15
 
Nicolas Cage
Los Angeles - Nicolas Cage has paid off $600 000 towards his massive tax debt.

The actor is slowly paying back the $13m he owes in back taxes after splurging on extortionate purchases between 2004 and 2009, TMZ is reporting.

However, he still owes about $6m thanks to his love of expensive gadgets, despite already paying off $6 257 005 in April.

The actor filed a lawsuit against his former business manager Sam Levin in 2009 claiming he had led him "down a path of financial ruin".

Forced to sell comic books

Nicolas once splashed out $276 000 on a 67-million-year-old dinosaur skull, outbidding Leonardo DiCaprio to get his hands on the unique prehistoric artefact.

He also owns a jet, two yachts, three castles, two islands in the Bahamas and several mansions.

The 48-year-old actor - who is currently filming superhero comedy Kick-Ass 2 - had already been forced to sell his extensive comic book collection in 1997 for $1.6m.

The National Treasure star confessed in 2010: "Over the course of my career I have paid at least $70m in taxes.

"Unfortunately, due to a recent legal situation, another approximate $14m 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."

- BangShowBiz

Read more on:    nicolas cage  |  celebrities
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