Nicolas Cage reportedly $6m in debt
Posted on October 9th, 2009 by Austin
Hollywood is all about money: Big cars and big houses, which all bring big debts. And Nicolas Cage now has two on his mind.
The 45-year old actor is facing two major lawsuits – In one, East West Bank claims Mr. Cage has missed six month’s repayments on a $2-million line of credit they gave him in 2007, and they want it paid back…In full. Right now!
And if that’s not enough fun, the IRS is demanding a sit-down with Nic to discuss $6-million in back taxes the dude also owes. TMZ says the boys at the Service have just filed a tax lien that shows the “National Treasure” actor owes them $6,257,005 in back-taxes – from 2007 alone!
And his pain doesn’t even end there: Another tax lien shows Nic also owes money from three other years; In 2002 he forgot to pay $70,190.05 in just income tax. In 2003 it was $179,738,23, and in 2004 the sum was $110,617.56.
Which brings the grand total to an insomnia-inducing $6,617,550.84….plus the bank’s bill.
Not surprisingly, Nic’s reps had no comment.
Tax evasion is punishable by everything from fines to jail time. We’ll let you know which Nic does…
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