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    Nicolas Cage In Deep Money Trouble: Reports

    Posted by admin in Entertainment (Saturday November 7, 2009 at 2:21 pm)
    Tagged with Nicolas Cage

    According to reports, actor Nicolas Cage is going broke.

    The “Con Air” star supposedly owes the IRS nearly $6.26 million on property taxes for failing to pay income taxes in 2007.  The IRS has also issued a second claim for unpaid taxes between 2002 and 2004.

    Cage, who made millions of dollars in his acting career, recently sold his 500-year-old Bavarian castle in Germany for only $2.3 million. Cage reported paid $3.6 million for the castle.

    Cage says it’s not all his fault

    Cage filed a lawsuit on October 16, claiming that his longtime business manager, Samuel J. Levin, “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.” Cage says he “relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work.” However, he “is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.”

    Cage, 45, has appeared in over 60 movies throughout his career and was named one of Hollywood’s highest paid actors last year.

    Could we seen a “National Tresure 3″ soon?


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