Nicolas Cage Pays $6 Million To IRS, Owes Another $6 Million
Things might be looking a little rosier for Nicholas Cage's IRS tax troubles. The "Ghost Rider" star has paid the government $6,257,005 in back income taxes from 2007, ABC News reports.
The multi-million dollar payment got the federal government to remove a lien that was placed on the actor's real estate holdings in 2008.
This all sounds pretty groovy for Cage, but the reality is still pretty grim for the Hollywood star.
That's because Cage still owes over $6 million more to the tax man, TMZ reports.
Despite being one of the highest-paid actors in the film industry, Cage has struggled with money troubles in the last few years. And it's no surprise why.
Cage's alleged purchases show that the he led a pretty extravagant lifestyle. The "Leaving Las Vegas" star has reportedly bought castles, whole islands, lots of real estate and cars. He also has a very extensive rare comic book collection. And he even bought a dinosaur skull.
That's right, a dinosaur skull, like what you see in museums.
However, for all the craziness in this story, there remains an important lesson: don't mess with the IRS.
Cage's tax problems date back to 2002. He claims it was his former business manager that was responsible for his current predicament and has since hired new management.
That explanation might help keep a person from going to jail, but it won't stop the IRS from still wanting its money. And they'll employ pretty creative ways to get it. From wage garnishments to liens, like the one placed on Cage's property holdings.
Nicolas Cage's tax troubles will continue to haunt him for now. But until his IRS problems are solved, it's probably safe to assume we'll be seeing him pump out a lot more movies.