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Nicolas Cage has paid part of his tax debt

BANG Showbiz   | November 19, 2012 17:35 IST (New Delhi)
Debts

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".

According to reports, the actor is slowly paying back the $13 million he owes in back taxes after splurging on extortionate purchases between 2004 and 2009.

Nicolas Cage has paid off $600,000 towards his massive tax debt.

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

However, he still owes about $6 million 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".

Nicolas Cage 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 $1.6 million.

The National Treasure star confessed in 2010: "Over the course of my career I have paid at least $70 million in taxes. Unfortunately, due to a recent legal situation, another approximate $14 million 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."
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